Canadian PR holder staying in US currently, moving to Canada in 1 year.
I am planning to buy another car in US and sell my old car in US. The “goods to follow” list still has the VIN of the old car that I am going to sell. If I bring my new car while moving to Canada, I am wondering if I would have to pay taxes on. If yes, how much? Any other caveats or suggestions about this?
I was in a similar boat, where my original GTF had my old car, which I sold and bought a new one while residing in the US. I moved to Canada 3 days back and had to pay PST and GST on the new car at it’s current value as it wasn’t on the original GTF.
It depends on when your first entry was. If it was greater than 1 year the first 10000$ of the cars value is duty free. Also the duty differs depending on where the car was manufactured. It’s a lot lesser if it’s nafta.