Introduced in 2022 by Justin Trudeau’s government, a luxury tax on ultra-high-end transportation was abolished this month for private jets and pleasure boats, but not for automobiles. Business jet manufacturer Bombardier applauds the move and announces that it will hire 600 employees.
Canada has decided to cancel—in part—the tax that has affected certain luxury goods in the country for the past three years.
The 2025 budget tabled by Federal Finance Minister François-Philippe Champagne (a predestined name!) abolished the tax on certain aircraft (private jets) and boats as of November 5.
Luxury cars still affected
The luxury car sector, however, continues to be affected. This is despite the fact that the vast majority of high-end cars sold in Canada are European (Audi, BMW, Mercedes), Japanese (Lexus, etc.) and, to a lesser extent, American (Cadillac) brands.
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Read also > France : Transport Minister considers restrictions on private jets
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