HST on Used recreational vehicles?

[Skud]

I have been trying to find a definite answer to that question online but can not find any info on paying tax on a used atv when I buy one privately. Anyone know the deal on this? I would guess that it includes boats.

[BillM]

I would guess yes once you transfer over the title/plate to your name.

[porkpie]

You must pay HST when transferring the bike into your name regrettably.

[krixxer]

I've registered a few thing under the bartering system. Cars go by the book but things get iffy with motorcycles boats etc.. try it if you can get the owner to collaborate

[GBW]

You should pay taxes on your "purchase price" but if the price is too low for the Govt then they audit it and make you pay a min. tax. So if you buy a quad for $3500 and they seller says "$100" then when you go to Svc ON they ding you on what is Fare Market Value according to them. That's how they taxed me on my tinny when I bought it off a friend of the family. Considering my purchase price was much lower than FMV according to them.

Edited December 24, 2013 by GBW

[Nipfisher]

Get the bill of sale to say "Sold as-is" or "for parts" then the seller can put a nominal amount like $200-$500.

Geoff is right though if it is a 2010 600cc bike/sled then they wont accept $500 as the sale price.

 

Other thing is if you buy a boat on a trailer then only the trailer is transferable so get the bill of sale to say $100 for the trailer (boat and motor can be any amount). Trailer can also be registered as home-made so registration/ownership is not as important as it is on a sled/bike.

[Skud]

Thanks for the info guys. Much appreciated.