GST Tax Question

[Dogdad58]

We are Canadians snowbirding in the US. If we buy a trailer in the States and leave it in the States for 2 years, when we import it into Canada, will we pay GST on the full purchase price or on the depreciated value of the rig? Thanks for the help!

[Water-Bug]

Planning two years ahead!!!!! Are you guys nuts??? Even if he still wants to take it north, either the US or Canadian laws are apt to change. And then there's climate change. 🙂

[ol_Bombero-JC]

n7bsn wrote:

dons2346 wrote:
Wouldn't this be something best answered by your government?

That's what I think too, for real answers ask the real experts, not us wana-be X-perts.

C'mon - it will work out just fine.

If the govt folks in Maple Leaf Land say otherwise, he can just tell them a plethora of posters in the USA, on an Internet forum, told him there's no problem with his plan, eh?...;)

.

[michelb]

We had our MH registered in the US for about 1 1/2 years before we imported it and were charged the GST on the purchase price (although initially they wanted to have us pay GST on 'market value' which is them looking up similar models on AutoTrader.ca which came out to significantly more than we paid for it 18 months before). If you're buying new, you could probably get it appraised after 2 years and have the appraisal notarized and then might accept you only paying on the appraised value.

When I did it in Ontario, I had to pay GST but I did not have pay PST on registration because it was considered a 'transfer' (already registered in my name in the US) as opposed to a 'new registration' (which is taxed)

[dverstra]

n7bsn wrote:

dons2346 wrote:
Wouldn't this be something best answered by your government?

That's what I think too, for real answers ask the real experts, not us wana-be X-perts.

I agree. Find a good Canadian Tax Accountant before the deal.

[n7bsn]

dons2346 wrote:
Wouldn't this be something best answered by your government?

That's what I think too, for real answers ask the real experts, not us wana-be X-perts.

[dons2346]

Wouldn't this be something best answered by your government?