Tariffs on Old Cars Now a Reality

[CamaroNOS]

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

[LT1vette]

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.

[X66 714]

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

[Z282NV]

Originally Posted by X66 714

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

If you mean the car was originally made/assembled in Canada and there is proof of that (documentation) then I believe it will be exempt from the tariff. However if the car was originally made in the USA and was an export from way back and now is going back to Canada then the tariff will apply.

[CamaroNOS]

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

[X66 714]

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

[LT1vette]

Originally Posted by X66 714

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.

[Z282NV]

Originally Posted by LT1vette

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.

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/