The Supercar Registry - Tariffs on Old Cars Now a Reality

The Supercar Registry (https://www.yenko.net/forum/index.php)

- Lounge (https://www.yenko.net/forum/forumdisplay.php?f=87)

- - Tariffs on Old Cars Now a Reality (https://www.yenko.net/forum/showthread.php?t=181802)

Quote:

Originally Posted by LT1vette (Post 1668740)

I don't think it was mentioned in the article from Winnipeg...
To get the car into Canada....
1..Fill out import paperwork ( get it notarized best idea)
2..Inform US customs you are exporting vehicle (minimum 2 days to 7 days)
3..Stop at US customs to pick up your form (stamped hopefully or you are not taking vehicle.
4.. Cross to Canada, declare vehicle. ( go into customs and they will give you the 3rd degree, that's when you NEED the notarized receipt) They will check to see IF, IF the car is eligible. Yup... hopefully you checked first, if not car is going back.
5..In Ontario pay the 10% HST tax, then the new 25% tariff.
6.. Of course there was the "incidental" exchange rate from CAN $$ to US $$ of 40%

So how are you doing NOW?? That should stop the old car hobby in it's track.

Think I'll up the selling price on my car....LOL

Exactly right. I’ve imported and exported a number of “classic” cars over the years and I learned a long time ago that it’s critical to get a customs broker involved from the very beginning. Fees are minimal when compared to the anxiety. It used to be a lot easier with far fewer hoops to jump through but that all changed when we as Canadians had to get export approval from US Customs before the car entered Canada. I really feel sorry for the guy in Winnipeg. A broker could have saved him a ton of anxiety, but that is hindsight. With my most recent import (my Corvette), TFX Transport worked with me to get the car cleared through Customs and across the border before the tariff war began ( everyone involved knew it was imminent).

It is so sad what is happening. It is now crazy for a Canadian to buy a car from the U.S. (for now).

If the car cost $75,000 U.S..... the final price sitting in my driveway here in Ontario will be $132,000 Cdn ($75,000 US PLUS 40% exchange PLUS 25% tariff on top of that new number PLUS 13% of the $75,000 US for HST in Ontario = $132,000 CDN) and that does not include any shipping fees if you needed that as well.

$75,000 US = $132,000 CDN

Here's the million dollar question for us guys in Canada.....are our cars now worth an additional 25% (if sold in Canada) because of the tariffs???? It is a terrible question to ask but.......

Just NUTS!

Paul

Here's the million dollar question for us guys in Canada.....are our cars now worth an additional 25% (if sold in Canada) because of the tariffs???? It is a terrible question to ask but.......

Just NUTS!

Paul[/QUOTE]

I'm going to say ..YES.
Why should us as the owner lose out? But lets give it a few months, the values surely have to be adjusted.

Here's a question. What if you have a Canadian car in the US & now it's going back to Canada to stay? It's titled & has all of the original body tags. Anybody know what he might run into. The new owner is a Canadian citizen from Sask. ....Thank you, Joe

Quote:

Originally Posted by X66 714 (Post 1668809)

If you mean the car was originally made/assembled in Canada and there is proof of that (documentation) then I believe it will be exempt from the tariff. However if the car was originally made in the USA and was an export from way back and now is going back to Canada then the tariff will apply.

I would think if the vehicle was manufactured here in Canada, he should not have to pay the 25% tariff. But you need to have a bullet proof documentation from our authorities.

My understanding is if it was manufactured in the US, you will pay. If it was manufactured anywhere else, you are good to go.

And supposedly that goes for all our parts for restoration purposes. If ordered from the US but made in China, no tariff BUT if manufactured in US, you enjoy the 25%. It just sucks for everybody.

Correct if I am wrong.

Paul

It was built in Canada. Regina I believe. I have docs from Vintage Vehicle Services. Thank you, Joe

Quote:

Originally Posted by X66 714 (Post 1668816)

It was built in Canada. Regina I believe. I have docs from Vintage Vehicle Services. Thank you, Joe

Built in Regina? I didn't know GM had a plant there. Must be a very old car?

The main point is where is the car registered NOW? If it's registered in Canada, put it on the trailer and there should be no problem
Registered in the USA, then the car has to be imported...Nothing to do with where it was built.

Quote:

Originally Posted by LT1vette (Post 1668821)

I don't believe that is the case. The 25% tariff are for some products coming into Canada that were actually made/assembled in the USA with American materials. For example I am in the USA right now as a snowbird and I bought a new golf bag. That bag was made in Mexico and I have the tags to prove it. Going back to Canada I do not have to pay the tariff on it but if I exceed my $800 limit on duty free then I would have to pay on the excess in taxes. If X66 714's car was registered in the USA but was actually an import into the USA and made in Canada many years ago I don't believe the tariff would apply.

It all has to do with Country of origin and production outside of Canada.

https://laws-lois.justice.gc.ca/eng/...ons/SOR-94-23/

Quote:

Originally Posted by Z282NV (Post 1668822)

We can beat this to death here and get no where.

WHEN YOU GET BACK TO CANADA, let us know how you made out.
As for X66's car...I'll bet they charge him to bring it in, THEN he has to go to Customs office in his town with proof.
But I believe he will have a US customs document for the importation.
He'll find out when he gets there.......hoping it works in favour of him.