Community

Moving with different car than in GTF

Hi, I’m Kartik. I and my wife did a soft landing in Canada in July 2018 and then got our PR cards in that year itself. Now we planning to move to Canada permanently from USA in April 2020. The GTF (goods to follow) that we got stamped had my old car listed that was 4 years old at that time. However, it got mechanical problems beyond repair in mid 2019 and I donated it and bought a new car. I want to bring new car when we move to Canada permanently since selling it at depreciated value would be money thrown away. Since new car is not in GTF, would I need to pay any tax or duty on it to bring there? Is there a way I can estimate how much that would be? It’s a regular sedan but it’s value is a lot more than the value I had listed in the GTF for my old car. Please advise. Thanks in advance.

1 Like