Thread: Ebay vs. IRS
View Single Post
  #16  
Old 02-23-2007, 01:07 AM
Canuck's Avatar
Canuck Canuck is offline
Yenko Contributing Member
 
Join Date: Jun 2005
Location: Vancouver BC
Posts: 1,922
Thanks: 245
Thanked 758 Times in 250 Posts
Default Re: Ebay vs. IRS

[ QUOTE ]
Does the Canadian government make you pay taxes up there in US dollars like you guys ask for when you sell cars...

[/ QUOTE ]

We use a "metic" dollar in Canada just like we have gas in liters rather than gallons. Right now our metric dolar is worth about 85cents on your dollar. As far as car parts and cars are concerned we have felt the US dollar is a universal currency that keeps everything even. Call it a modern day auto pact. Given the fact that the rest of the auto industry deals in pesos euros or yen its seems only fair to give our southern neighbours a break and keep one currency for all collector car transactions. This policy will remain in effect right up until our metric dollar exceeds the value of your Yankee/dixie dollar and at that point we will be glad to sell in metric funds.

Regarding the whole housing and tax thing,do you guys still get to write off your mortgage interest up to a certain amount? We dont! When we die our kids dont have to pay taxes on the value of our estate.

It all works out fairly evenly in the end other than the part that really ticks me off is the government wanting $14.00 in taxes on a 40 year old car part that cost me $100.00. While they are collecting money from me someone is smuggling drugs into the country.

Priorities I guess!!
__________________
1971 W30 convert, triple green,second owner.
1971 W30 Convert, special order Rally red, completed
68 Camaro Z28,Corvette Bronze,Houndstooth
2016 Porsche Carerra Cab and 2021 C63S AMG ,modern fun.
www.vancouverclassiccars.com
Reply With Quote