Federal luxury tax to cost half a billion dollars in sales, PBO warns

Ottawa can expect the levy to add $572 million to government coffers through the 2026-27 budget year, but luxury sales revenue will slide by 19%

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Wednesday, June 01, 2022 Subscription Required Federal luxury tax to cost $500M in sales over five years, warns PBO Read More > Subscribe An Automotive News Canada subscription includes 12 monthly issues – delivered in print to your doorstep, and digitally to your inbox – plus unlimited, 24/7 access to our website. Subscribe Connect With Us Our Mission “The Automotive News Canada mission is to be the primary source of industry news, data and understanding for the industry's decision-makers interested in Canada.” Click here to unsubscribe from this newsletter. Manage your email preferences. Automotive News Canada PO Box 243, Station A Windsor, Ontario, N9A 6K7 customerservicecanada@autonews.com