Taxes on cars

[Georgiana]

Hello,

Can anyone advise me: if i buy a car, year 2008/2009, what would be the taxes for it per year?

Thanx

 

[Canooknic]

What do you mean by taxes? Do you mean actual tax, or road tax (like in the UK)?

 

[Georgiana]

I mean actual tax

 

[PMM]

Hi

I mean actual tax

There is a tax on the purchase price when you buy it. Depending on the province from 7% to 15% (PST and GST or HST.) There is no yearly tax.

 

[cpa27]

In Ontario, you pay 13% on the purchase price in HST. Additionally, the plates will run you 125/year and parking permit for streets is about 14/month. Insurance will cost you about 2000/year assuming you have a good record. Additionally, you'll pay for petrol and oil changes.
The costs of ownership do addup!

 

[JhonSmith]

What do you mean by taxes? Do you mean actual tax, or road tax (like in the UK)?

 

[JhonSmith]

Hi

There is a tax on the purchase price when you buy it. Depending on the province from 7% to 15% (PST and GST or HST.) There is no yearly tax.