The recreational boating industry in Canada is urging all stakeholders to oppose a proposed luxury tax of 10 percent on boats with a price tag that exceeds $100,000.
“We continue to demonstrate to government that luxury taxes have failed all over the world including the United States, Italy, Norway and New Zealand as consumers simply diverted their spending to other forms of recreation and the governments collected less net taxes,” the National Marine Manufacturers Association of Canada said in a statement. “Our ask is that recreational boats that bring families together just like other recreational vehicles be excluded from this proposal.”
The association has asked to meet with Canada’s Minister of Finance, Bill Morneau and the Minister of Innovation, Science and Industry, Navdeep Bains.
So far, NMMA Canada has met with members of parliament including the following: Ken Hardie (MP Fleetwood-Port Kells), who does not support the tax; the chief of staff for Carla Qualtrough, (MP Delta); Andy Fillmore, (HP Halifax), who doesn’t support the proposal; Lisa McLeod, Minister of Tourism Ontario; Norm Miller, (MPP Parry Sound-Miskoka) and; Billy Pang (MPP, Markham-Unionville.
Canadian recreational boating industry members can click here for a link to fill out a pre-budget consultation survey on the proposed tax.