The Canadian government’s proposed ‘luxury tax’ on new recreational boats valued above $250,000 CAD is set to go into effect September 1, 2022. Despite two years of NMMA and the Canadian marine indust... Read More
The Senate of Canada met last week to consider the Budget Implementation Act of 2022, or Bill C-19, which includes the “luxury tax” on new boats valued at CA $250,000 or more. A recent study conduc... Read More
The Canadian government’s proposed luxury tax on new boats valued at CA $250,000 – originally scheduled to take effect January 1, 2022 – is expected to be fully implemented in the weeks to come. A spo... Read More
A recent economic analysis, An Economic Evaluation of the Proposed Luxury Boat Tax, conducted by Jack Mintz, Ph.D., at the School of Public Policy at the University of Calgary, in conjunction with Fre... Read More
Tax will punish dealers, manufacturers, and middle-class workers The federal government’s proposed luxury tax on new boats will likely lead to significant job losses and could result in far less... Read More
Earlier this month, federal Finance Minister Chrystia Freeland announced the end of broad-based support programs intended to support businesses through the economic turbulence of the pandemic. This in... Read More
For many years, NMMA has taken a proactive approach to help ensure more people boat safely. In Canada, Boating industry stakeholders probably know that NMMA actively participates in several Transport ... Read More
With the presidency of Joe Biden well underway in the United States, climate change and clean energy has vaulted to the top of the priority list—second only to defeating COVID-19 and getting America’s... Read More
With the boost in popularity that recreational boating has enjoyed in Canada this past year, the need for modern marine security and safety regulations is more pressing than ever. The record numbers o... Read More