Thats what i have always done.
Lol ssshhhh not smart admitting tax avoidance on public forum man....
Thats what i have always done.
If people keep obviously evading this tax, it's only a matter of time before they start assigning values. But, the only reason why used private sale vehicles have any taxes at all was lobbying from the dealership industry.
Have him mod it, too. You ride it, I'll buy it later. ?
Lol ssshhhh not smart admitting tax avoidance on public forum man....
its not a public forum...brb police at my door...
Im confused .... Did i have to use special gateway to post on here? Ai yay yike.... This is called the dark web ....
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TBH GTM is the Darkest of webs
I think you're the one that miss my joke..... Maybe you should ask the oracle.
There is no book value on bikes and you can register whatever amount that you want from 1 cent to 1 million and you will be charged accordingly for tax. Having said that, on cars, there is and got screwed by them a couple of years ago... paid 10 grand for a car which was the real purchase price and they made me pay tax on $13,500. Nice!!! So, it goes both ways..
Well the Ontario rule is you have to have m2 at least 4 yrs to register as the owner/rider. You can let me ride it for you and i will help you to register it.
PM is the key.
ummm. no.
EDIT: Nvm....
I bought a bike off someone from kijiji. He gave me a UVIP and other documents. I have never purchased a vehicles before & have a few questions on how to get it all ready for road now.
1. Can I just register the bike without a safety & insurance ? I was thinking of getting safety done & get insurance later after I transfer the ownership title to my name.
2. How much $$ should I put on the amount I paid for the bike in the document. I know I have to pay tax on the purchase price, Can I just put $1 on it & is there gonna be any implications with the insurance company while making a claim if I just put $1 ?
Thank you for replying![]()
There is no "blue book" for bikesI thought the tax on vehicles is whichever of the below 2 is the higher price:
1. the price you paid for it
2. the wholesale price of the vehicle from bluebook or whatever
1) You can get the ownership changed without insurance or a safety but you wont get a plate and a sticker. Like others have mentioned later in the thread with the insurance you can get a plate and a temp sticker from the Moto so you can drive for the safety.
So I was under the impression that this was fact.. but when I recently (a week ago) went into ServiceOntario, the lady told me I HAD to have my bike already FIT to get a temporary licence sticker... on the website http://www.ontario.ca/driving-and-roads/register-vehicle-permit-licence-plate-and-sticker
It says "A temporary licence plate sticker lets you drive your vehicle to a garage (for safety standards certificate or Drive Clean test etc.) to complete the requirements for a licence plate sticker and for other necessary short-term transportation purposes."
But when you click the link right under it http://www.ontario.ca/driving-and-roads/temporary-licence-plate-sticker on that page it says you NEED to bring the vehicle permit stating that the vehicle is fit.
It just dawned on me as I was typing this that this is referring to the previous owner's permit which stated that the bike was fit?
If you put $1, MTO sends a letter to the previous owner asking them how much they sold it to them for. If the previous owner writes $1 or just throws the mail away(i usually do), then no problem will occur. There is no black book value on motorcycles. Been buying bikes for decades now and I always claim about $100 bucks.
Buddy and I traded bikes a couple years ago. Lady at the MTO office told us we were not allowed to put $1 and we WOULD get a letter from the Ministry of Finance (not the CRA). We did it anyway, and paid $0.13 tax. Neither of us ever got a letter. Bikes were both less than 3 years old.