Canadian TCH Rebate Increases by $1500
Thread Starter
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HSD Organic Interface
Joined: Jun 2006
Posts: 649
From: Toronto, ON
Canadian TCH Rebate Increases by $1500
Several provinces currently offer tax rebates for the purchase of Hybrid vehicles ($2000 in Ontario). The latest federal budget now introduces a graduated rebate for fuel efficient cars, whether they be hybrids, E85s, or simply small and efficient. Based on the TCH's Cdn govt fuel rating, it should qualify for an additional $1500 of rebate over the existing provincial rebates.
Gas guzzling passenger cars will in kind be hit with new levies of between $1000 and $4000.
What remains to be seen is if the budget will survive with the minority govt. If you're in the market for a TCH in Canada, something you'll want to follow...
Gas guzzling passenger cars will in kind be hit with new levies of between $1000 and $4000.
What remains to be seen is if the budget will survive with the minority govt. If you're in the market for a TCH in Canada, something you'll want to follow...
Active Enthusiast
Joined: May 2006
Posts: 231
From: Calgary, AB Canada
Re: Canadian TCH Rebate Increases by $1500
Several provinces currently offer tax rebates for the purchase of Hybrid vehicles ($2000 in Ontario). The latest federal budget now introduces a graduated rebate for fuel efficient cars, whether they be hybrids, E85s, or simply small and efficient. Based on the TCH's Cdn govt fuel rating, it should qualify for an additional $1500 of rebate over the existing provincial rebates.
Gas guzzling passenger cars will in kind be hit with new levies of between $1000 and $4000.
What remains to be seen is if the budget will survive with the minority govt. If you're in the market for a TCH in Canada, something you'll want to follow...
Gas guzzling passenger cars will in kind be hit with new levies of between $1000 and $4000.
What remains to be seen is if the budget will survive with the minority govt. If you're in the market for a TCH in Canada, something you'll want to follow...
Not that I really expected anything.
Ridiculously Active Enthusiast
Joined: Aug 2006
Posts: 859
From: Waterloo, ON
Re: Canadian TCH Rebate Increases by $1500
Unfortunately, the Canadian federal budget's proposed rebate on 2007-model fuel-efficient vehicles (including hybrids) is not retroactive. I personally think that this is unfair. It penalizes those of us who had the initiative to purchase those very same current-model vehicles before March 20, in order to "encourage" more people to do so in the future. It's being largely paid for by the additional tax to be imposed on "gas guzzlers." The government should be encouraged to make the rebates retroactive on those fuel-efficient 2007 models.
Stan
Stan
Active Enthusiast
Joined: May 2006
Posts: 231
From: Calgary, AB Canada
Re: Canadian TCH Rebate Increases by $1500
Unfortunately, the Canadian federal budget's proposed rebate on 2007-model fuel-efficient vehicles (including hybrids) is not retroactive. I personally think that this is unfair. It penalizes those of us who had the initiative to purchase those very same current-model vehicles before March 20, in order to "encourage" more people to do so in the future. It's being largely paid for by the additional tax to be imposed on "gas guzzlers." The government should be encouraged to make the rebates retroactive on those fuel-efficient 2007 models.
Stan
Stan
So as unfair as it seems I can live with it and understand why it was done the way it was.
Steve
Active Enthusiast
Joined: May 2006
Posts: 231
From: Calgary, AB Canada
Re: Canadian TCH Rebate Increases by $1500
So it didn't even enter in to the equation.
Active Enthusiast
Joined: Mar 2007
Posts: 54
Re: Canadian TCH Rebate Increases by $1500
hi
yes, and we will see if the ontario gvt keeps its $2000 rebate, maybe raises it, making more sense to buy a hybrid over a se v6 with every budget! $up to $3500 now!
im leaning more hybrid now than ever, i was on the fence, but im reading, even with my limited driving, its the right thing to do for me
thanks
dan
yes, and we will see if the ontario gvt keeps its $2000 rebate, maybe raises it, making more sense to buy a hybrid over a se v6 with every budget! $up to $3500 now!
im leaning more hybrid now than ever, i was on the fence, but im reading, even with my limited driving, its the right thing to do for me
thanks
dan
Thread Starter
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HSD Organic Interface
Joined: Jun 2006
Posts: 649
From: Toronto, ON
Re: Canadian TCH Rebate Increases by $1500
Thread Starter
|
HSD Organic Interface
Joined: Jun 2006
Posts: 649
From: Toronto, ON
Re: Canadian TCH Rebate Increases by $1500
Unfortunately, the Canadian federal budget's proposed rebate on 2007-model fuel-efficient vehicles (including hybrids) is not retroactive. I personally think that this is unfair. It penalizes those of us who had the initiative to purchase those very same current-model vehicles before March 20, in order to "encourage" more people to do so in the future. It's being largely paid for by the additional tax to be imposed on "gas guzzlers." The government should be encouraged to make the rebates retroactive on those fuel-efficient 2007 models.
Stan
Stan
"Hello Sir, this is the Canada Revenue Agency calling. We understand you recently bought a new car, a 2007 luxoboat XLST Special Anniversary Limited Edition from our records. How's that working out for you? ......... Excellent, well I'm happy to tell you sir that we'll be sending you a bill for $4000 to help pay for some tax breaks we're going to give to other people. Have a nice day".
Last edited by Droid13; Mar 22, 2007 at 12:45 PM.
