If the money grubbing scumbags running the show had a way to track it then yeah they'd want a piece of that pie too.
LOL at being "reasonable"
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Declared Sale Price (Used Motorcycle, Taxes)
- Thread starter don23
- Start date
If the money grubbing scumbags running the show had a way to track it then yeah they'd want a piece of that pie too.
LOL at being "reasonable"
You forgot the irony symbol on this.
Because if you are not reasonable, you are poking the tax bear to come one day for the whole black book, or whatever color, value. You really prefer that???
Of course tax on used goods is a scam all decent people should oppose to pay, but I have a little control over that as you do.
Like I said there are various situations where you may pay nothing for a motorcycle, including gifts from family or friends, trades on vehicles, or exchange of services.
I've had 3 such situations in the past as a 'seller' and 'buyer' where no money was exchanged and $0's recorded.
I've had 3 such situations in the past as a 'seller' and 'buyer' where no money was exchanged and $0's recorded.
None of which consist of the typical (99%) type of transaction, so no sense trying to hide behind that as justification.
If you DO buy something that's worth way less than book value you go get it appraised and then you DO pay the taxes on that amount instead, simple.
SpeeDemoN
Well-known member
$100 is not the minimum. That couldn't be more wrong.
Maybe it's been a while since you've sold a car, but that doesn't work anymore.
Doesnt matter. For cars, Value on the UVIP is what you pay taxes on.
If you can get it appraised at a lower value, then you pay what the appraiser puts down as the value. Back in my university days I bought a winter beater that cost significantly less than the UVIP minimum value, the MTO wouldn't take the actual value written by the seller on the UVIP bill of sale as the taxable value. I ended up paying more in taxes than what I actually paid for it. The only way to reduce the tax was to get it appraised at the actual value, but the appraisers charge like $250, so it would've been the same or more expensive to go down this road. In the end, not worth it...
Nothing has changed for decades. Stop being such scaredy cats guys.
If someone wants to declare $100 or $1, that's their business.
Stop preaching about what people should or should not do and about how righteous some of you are.
Every time this topic comes up....
... And what letters? Almost nobody ever gets them. And if they do, recycling bin is the best place for them. Gov't simply fishing for money.
If someone wants to declare $100 or $1, that's their business.
Stop preaching about what people should or should not do and about how righteous some of you are.
Every time this topic comes up....
... And what letters? Almost nobody ever gets them. And if they do, recycling bin is the best place for them. Gov't simply fishing for money.
I was at the service canada office with the buyer when the ownership changed names and the taxes were paid. I went because we thought it was going to be more difficult then it was... couple questions about the state of the car and done.
Well, the government is pretty honest. Vehicles are part of a legal framework that involves government infrastructure. None of that is free and vehicles are pretty damn useful. Therefore, they want a cut of the transaction. New or used is only relevant for determining the tax amount.
Even if we magically eliminated the lure of boondoggles and bureaucratic incompetence, modern societies would still be phenomenally expensive to build and maintain. The fact that so many citizens think they're honest while abusing the last remnants of an honour system is pretty interesting.
JFD
Well-known member
This.
Go register the bike for whatever you want....don't publicly say it cuz you'll get the for/against reponses all the time.
I mean, what will you do if it doesn't work out for you? "The people on GTAM said to do it and it'll be fine..."
It works for some, it doesn't for others. Are you willing to chance it for a few hundred?
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