With a relative, you can sell a vehicle for $1.
Taxes
- Thread starter black_CG2
- Start date
With a relative, you can sell a vehicle for $1.
RedDogDarren
Well-known member
You should link the thread to Service Ontario so they can answer this for you with a professional response.
M
Marinoni
Guest
a friend sold his bandit to a buddy a couple of yrs ago and when they went to the MTO to pay the taxes etc. the woman behind the counter actually told them to write the reciept for less than the actual purchase price so they could save some money. so they ended up paying tax on 50 bucks.
They have to prove you paid more. If you pay cash, there is no way they can prove you did not pay more. If the seller drops a dime on Revenue Canada, you are screwed.
The GST (thanks Tories) used to exempt from used sales, then the HST (thanks again, Tories) got added to used vehicles , at the insistence of the Dealership lobby.
I have no problem with fair taxation, but a $15,000 bike after a few resells will have generated $5000 or more in taxes.
I'll pay the 13 cents, some poor Senators and MPs are drinking orange juice in hotels from concentrate -that's just sad.
There is NO such thing as fair taxation.
Income tax was initiated to pay for WW1. It was only going to last as long as it took to pay for the war, then get buried.
There was no 'sales tax'.
Then greed stepped in.
Here we stand, almost 100 yrs later with govt's that are afraid to increase taxes lately because of the uproar, so all money grabs by the govt is being re-named "fees".
Think about it.
You still need to get it notarized, or you'll be paying the ministry's set price on a car or truck. (Motorcycles not included).
I've done a few within family. Cost me $10 each time at the lawyer's office. His secretary is a Notary Public - she signs the paperwork - I go to the MTO. Never a problem.
lator-illa
Well-known member
I am willing to bet that 98.5% of used bike sales, people don't pay the full tax, of which 75% of them declare only 10% of the actual purchase price.
You can get things notarized for free at legal aid offices. I used to get it done at the one at the Oshawa Center all the time. Now it's a goodlife fitness, not sure where the legal aid office went
Tories? Swing and a miss.
-D-
Banned
I just did this a few days ago, came out to $0.15
Lady at the MTO desk "You really paid $1 for this motorcycle?" ... "Yep, needs a few repairs." ... "15 cents plz" woot
Pay with a good old fashioned paper cheque :lmao:
put int he memo it cost you $50 to collect $0.15 cents
If you really got the patients and want to make a good point write 15 cheque's for 1 cent each...lol
They can't tell you no.
ajaxguy
Well-known member
It all balances out in the end for the MTO I guess... you have guys like griffin and Gary who are paranoid about getting caught for tax evasion so they pay in full, then the rest of us smart ones who actually like keeping a dollar in our pocket can save when we buy used.
Thanks guys!
Thanks guys!
renntecher
Active member
Seriously! I thought paying taxes 50% of the purchased price is good; I feel bad now.
I just did this a few days ago, came out to $0.15
Lady at the MTO desk "You really paid $1 for this motorcycle?" ... "Yep, needs a few repairs." ... "15 cents plz" woot
You can also say you just bought the frame for x amount of dollars or pennies or whateverthefawq....
either way, make sure both you and the seller know the price you'll put down at the MTO.
better, have a signed contract that you bought it for x amount of dollars, DONE!
I thought about it. If you don't like taxation in a country with the 4th highest standard of living in the world, move to the US, which doesn't even crack the top 50.
I'll take the cheap education and health care, thanks.
This has to be reasonable. But, if you pay by bank draft a good amount, and pay by cash the rest, declare the bank draft amount and get a signed receipt from the seller. No one can dispute this.
lator-illa
Well-known member
You can even create your own Bill of Sale, and state if there are imperfections on the bike etc. Have both you and the seller sign the bill of sale and provide it as additional proof to the UVIP. There's no way for them to prove otherwise.
Yo - smart one!!
I only posted from a link to show what could happen, because someone (op) was not clear on the "possibilities" of tax evasion.
Not paranoid of any ****ing thing (over crowded elevators exempt), but thanks for dropping my name.
Brain washing at it's finest.
I'm retired son. I can come and go as I please.
Most of your tax money goes towards the outrageous salary of excessive govt workers.
There's a deficit everywhere you look.
Think about it!!
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