Innovation, Science and Economic Development Canada (ISED) (4) · House of Commons (1) · Federal Economic Development Agency for Southern Ontario (FedDev) (1)
In their own words
Select Luxury Items Tax Act (S.C. 2022, c. 10, s. 135)
The luxury tax is calculated as either 10% on the total price of vessels over $250K, or 20% of the value over $250K. To change the threshold to (for example) $6M, but make this amount tax exempt. So the luxury tax would be 10% of the value over $6M, but would not apply on the first $6M. This solution keeps the luxury tax in place, but allows a threshold less than the $10M suggested while providing very significant benefit to builders of yachts and boat dealers in Canada.
Meetings from the Commissioner of Lobbying of Canada. Canada does not require lobbyists to disclose what they spend, so there is no lobbying budget to report here — only the meetings they filed.