Well Mark, I guess the bottom line is whether our Classic Cars are considered "Investments" like Stock Holdings, Art Collections and Rental Properties. If so, then they could possibly be subject to Capital Gains Tax. My personal opinion, considering most of us are not dealers, this should not come into play. A lot of enthusiasts I know buy and register these cars through their own business which is a totally different cup of tea. Would be interesting to really know how our own Canada Customs and Revenue approach this. However, I'm certainly not going to call them to find out
