Canada taxes for classic cars

[JAmes Dodge]

Hi,
Some questions to my Canadian fellows:
- How much a classic car onwer has to spend in annual taxes for classic cars, in Canada?
- Is there a specific category for them?
- Is there some kind of emission test for the Classics?
- Which are the taxes to import a car to Canada, in %?

thanks in advance,

Luciano

 

[65hemi]

No annual government tax on my car; just annual registration & insurance.
No specific category for tax, but third party classic car insurance is available to top up the basic insurance. "Collector" plates are available in my area with some insurance rate break.
No emissions tests in my area .... yet.
When I imported my Belvedere, I just had to pay provincial sales tax. Some cars may get "luxury tax" for A/C.

 

[Glenwood]

No annual taxes that I know of. Just a few hundred a year for insurance and licensing.

 

[Fran Blacker]

Hi,
Some questions to my Canadian fellows:
- How much a classic car onwer has to spend in annual taxes for classic cars, in Canada?
- Is there a specific category for them?
- Is there some kind of emission test for the Classics?
- Which are the taxes to import a car to Canada, in %?

thanks in advance,

Luciano

Moving on up...to Canada?

 

[NorthOfForty]

No annual taxes in Saskatchewan. You can insure the car up to the appraised valve. Regular car insurance is very reasonable. My '67 Coronet R/T was in a front end collision in '97. It states on the registration that the car has to be inspected before it can be insured. But if I register the car as a Classic it does not have to be inspected. Kinnda weird. In Saskatchewan you have to pay provincial and federal taxes on an import. At least, I did on a 2007 pickup. Classics might be different.

 

[71dodgechargerrt]

I paid both Fed and Provincial tax in Ontario in 2002, not sure if its changed, if you plate it as an antique 20 years and older there is a break on the yearly sticker fee fee.

 

[JAmes Dodge]

No annual government tax on my car; just annual registration & insurance.
No specific category for tax, but third party classic car insurance is available to top up the basic insurance. "Collector" plates are available in my area with some insurance rate break.
No emissions tests in my area .... yet.
When I imported my Belvedere, I just had to pay provincial sales tax. Some cars may get "luxury tax" for A/C.

Nice 65hemi, so, the annual registration and insurance, are different from one Province to another.
Are they much higher on Manitoba, if you don't mind to answer? thanks!

 

[JAmes Dodge]

Moving on up...to Canada?

Thinking seriously about it, Fran!

 

[JAmes Dodge]

No annual taxes in Saskatchewan. You can insure the car up to the appraised valve. Regular car insurance is very reasonable. My '67 Coronet R/T was in a front end collision in '97. It states on the registration that the car has to be inspected before it can be insured. But if I register the car as a Classic it does not have to be inspected. Kinnda weird. In Saskatchewan you have to pay provincial and federal taxes on an import. At least, I did on a 2007 pickup. Classics might be different.

thanks NorthofForty, it seems to have a Classic is no problem on Canada!

 

[JAmes Dodge]

I paid both Fed and Provincial tax in Ontario in 2002, not sure if its changed, if you plate it as an antique 20 years and older there is a break on the yearly sticker fee fee.

thanks! Is this antique plate automatically obtained when the car turned to + than 20 year old?

 

[Glenwood]

thanks! Is this antique plate automatically obtained when the car turned to + than 20 year old?

In Ontario you can obtain a historical plate which saves you some money for the license sticker annually, but there are driving restrictions to consider. I chose a regular plate to avoid the restrictions. I just buy the sticker after the winter is over which saves close to half the cost anyway since my renewal date is late Fall.

 

[65hemi]

Nice 65hemi, so, the annual registration and insurance, are different from one Province to another.
Are they much higher on Manitoba, if you don't mind to answer? thanks!

Yes, typically the registration is controlled by the province, so the rates vary provincially. In Manitoba (as well as Saskatchewan and I think BC) we have only government insurance as primary coverage. Other provinces have various private insurances to shop around and select. Rates will vary with provider, car, etc. I carry basic insurance from the province for my hobby cars and then top up with third party insurance (similar to Hargerty) to get guaranteed loss coverage.
In Manitoba, you can also get a Collector plate that identifies you as a classic car owner and gives better insurance rates based on expected reduced use and exposure to risk.

 

[JAmes Dodge]

Yes, typically the registration is controlled by the province, so the rates vary provincially. In Manitoba (as well as Saskatchewan and I think BC) we have only government insurance as primary coverage. Other provinces have various private insurances to shop around and select. Rates will vary with provider, car, etc. I carry basic insurance from the province for my hobby cars and then top up with third party insurance (similar to Hargerty) to get guaranteed loss coverage.
In Manitoba, you can also a Collector plate that identifies you as a classic car owner and gives better insurance rates based on expected reduced use and exposure to risk.

Ok, thanks a lot, very helpful answers.