C8 PICTURES

Cruzin said:
I understand this summer we will actually get to see the real thing, and October is when the C8 will be sold. I am assuming the base price of the C8 will be in the $70,000 range.
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There's been a lot of previous discussion on the price of the C8 but I would offer decent odds on a bet that base price for us won't be near $70k. Canada MSRP for a base car will more likely be in the $90 to $100k range and by the time most dealer's finish with gouging the public due to the short supply, those cars will be over $ 110k. Toss in a few options and 'gotta haves' and first year buyers will be at $120k and up. Sorry if that bursts anyone's bubble cause it's just my opinion. I hope i'm proved wrong but I'm PDS I won't be. :Biggrin:
 
I'm guesstimating around $75,000 US, or about $90,000 CAN. If a base is going for $60,000 and a Z06 around $115,000 this should put the C8 in the middle. The 2019 and older new vets will drop in price, lots of them sitting around waiting for buyers. The current owned vettes will also drop. GM spent a lot of resources to get the C8 to market, so they don't want to price it out of reach for the majority of vette enthusiast. The C7 was actually cheaper to buy in Canada then the US the first few years. Just my 2 cents.
 
tyho said:
I'm guesstimating around $75,000 US, or about $90,000 CAN. If a base is going for $60,000 and a Z06 around $115,000 this should put the C8 in the middle. The 2019 and older new vets will drop in price, lots of them sitting around waiting for buyers. The current owned vettes will also drop. GM spent a lot of resources to get the C8 to market, so they don't want to price it out of reach for the majority of vette enthusiast. The C7 was actually cheaper to buy in Canada then the US the first few years. Just my 2 cents.
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Unless the Cdn dollar is trading higher in Toronto than the rest of Canada, $75,000 US at the current $1.31 dollar rate puts that at $ 98,250 Cdn. Right now in Alberta we can buy a 2019 Z06 1LZ for $86k ... a 2LZ for less than $94k. Again. Just my opinion but by your numbers Tyho, if the C8 debuts in Canada for less than $95k, I'll eat my words and buy you a beer at the next MITM. :D

Personally I hope you're right but I have my doubts.....
 
Rruuff Day said:
Unless the Cdn dollar is trading higher in Toronto than the rest of Canada, $75,000 US at the current $1.31 dollar rate puts that at $ 98,250 Cdn. Right now in Alberta we can buy a 2019 Z06 1LZ for $86k ... a 2LZ for less than $94k. Again. Just my opinion but by your numbers Tyho, if the C8 debuts in Canada for less than $95k, I'll eat my words and buy you a beer at the next MITM. :D

Personally I hope you're right but I have my doubts.....
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This exactly ^^^^^^ Then, when you throw in that lovely thing we in Canada pay through the nose on pretty much anything...TAX.....the car will easily be north of $100K as I've said. I too don't mean to burst JCWP's bubble, but in BC any car between $56K and $149K gets hit with 15% PST + 6% GST. So, a $98K car will end up costing about $120K and that's not even accounting for dealer gouging..... Depending on what province you register the car, it's easily going to be well over $100K....as it should be.....
 
flyboy999 said:
This exactly ^^^^^^ Then, when you throw in that lovely thing we in Canada pay through the nose on pretty much anything...TAX.....the car will easily be north of $100K as I've said. I too don't mean to burst JCWP's bubble, but in BC any car between $56K and $149K gets hit with 15% PST + 6% GST. So, a $98K car will end up costing about $120K and that's not even accounting for dealer gouging..... Depending on what province you register the car, it's easily going to be well over $100K....as it should be.....
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I always thought QC was the highest taxed but I see that the NDP is going whole hog in BC. Hopefully we don't play catch up.
 
LE BARON said:
I always thought QC was the highest taxed but I see that the NDP is going whole hog in BC. Hopefully we don't play catch up.
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Yep, and $150K and above you get the privilege of giving the government 20% PST and 6% GST...so you're paying a minimum of $39K in tax alone.....that's insane!!!
 
flyboy999 said:
Yep, and $150K and above you get the privilege of giving the government 20% PST and 6% GST...so you're paying a minimum of $39K in tax alone.....that's insane!!!
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Don't quite see how you are paying 6% Gouge and Screw Tax though as that is Federal (5%)
 
flyboy999 said:
I was told the total amounted to 26%...i assumed that the GST had to be 6% then....either way 1% doesn't really matter at that point....
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Your right on that, they have their hands in your pocket which ever one it is.
 
LE BARON said:
Your right on that, they have their hands in your pocket which ever one it is.
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Yep, it's just so frustrating to see, because not everyone who wants to spend a bunch of money on a car is "rich". I realize that there are some people who wouldn't bat an eye at shelling out $39,000.00+ in taxes, but a lot of car enthusiasts have to scrounge up the cash to make a purchase for something like a Corvette etc..... It seems to me that the tax shouldn't be based on the price of the vehicle, but rather, on your last year's T4. I think the amount you paid into Federal/Provincial tax as it relates to your T4 should also be taken into consideration. Then, the off shore money coming into Vancouver ends up shelling out an appropriate amount of tax because they have massive incomes, and may not have paid any tax to the Canadian government, while hard working Canadians who have made Canada their home, and have been paying into the public coffers, don't get hit so hard. They can help grow the economy by spending their money rather than avoiding purchases that are heavily taxed. Of course, this probably makes way too much sense, so it'll never happen. It actually requires people to use their brains and make some calculations, based on the individual purchasing the car, rather than just making a "catch all" luxury tax............
 
flyboy999 said:
Yep, it's just so frustrating to see, because not everyone who wants to spend a bunch of money on a car is "rich". I realize that there are some people who wouldn't bat an eye at shelling out $39,000.00+ in taxes, but a lot of car enthusiasts have to scrounge up the cash to make a purchase for something like a Corvette etc..... It seems to me that the tax shouldn't be based on the price of the vehicle, but rather, on your last year's T4. I think the amount you paid into Federal/Provincial tax as it relates to your T4 should also be taken into consideration. Then, the off shore money coming into Vancouver ends up shelling out an appropriate amount of tax because they have massive incomes, and may not have paid any tax to the Canadian government, while hard working Canadians who have made Canada their home, and have been paying into the public coffers, don't get hit so hard. They can help grow the economy by spending their money rather than avoiding purchases that are heavily taxed. Of course, this probably makes way too much sense, so it'll never happen. It actually requires people to use their brains and make some calculations, based on the individual purchasing the car, rather than just making a "catch all" luxury tax............
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That's it. Everyone let us stand up for ourselves and vote flyboy999 for Prime Minister.
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Oh not too keen on just the T4 approach - without tax credits being considered
and there being so much more income to report on the T1 (and that T2 as well) ...
and then there's that Canadian Resident Foreign Income question
that I answer 'no" to every year. I'd hate a "resident luxury" to escape this question.
So maybe the T4 if along with the scrutiny of the entire T1.
Knowing as well that where there's a will, there's likely a way to scam it with
a poor relative buying a luxury car ... argh :Banghead:

... I do find BC is a nice place to visit though :joyful:
 
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Rruuff Day said:
That's it. Everyone let us stand up for ourselves and vote flyboy999 for Prime Minister. View attachment 24077
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Hahaha.........I might be crazy........but not entirely out of my mind.......hahahaha......

As far as the "just the T4" approach goes, I'm not advocating that it be the only item assessed, but realistically, even that is probably asking too much....... T4 + T1 + T2....fine........ The current approach doesn't take ANY annual income/tax installments into consideration. I don't think there's any interest in performing a complete tax "audit" for a prospective sports car purchaser. Some people would find this pretty intrusive. However, I do think this is something that should be optional. If a purchaser wished to "challange" the luxury tax, they could have the option of providing supporting documentation such as a T4, T1, T2, etc....and have a quick assessment processed to determine the appropriate amount of luxury tax to be applied to their purchase. Would the government be interested in having a team of assessment agents standing by to determine whether or not they can take less of your money? NOT. But, a salesman punching in "annual gross income" and "taxes paid" to get a more representative tax assessment seems doable......... Also, I don't really care if some people are able to scam the system.....whatever. I just don't like the fact that someone who works hard for their money, pays their taxes, contributes to Canadian society, and wants to reward themselves with the purchase of a nice car should be "punished" for doing so, when there are many other individuals who should rightfully be footing this bill.... OK, that's enough of my tax rant............how can you tell it's that time of year LOL..........
 
flyboy999 said:
Hahaha.........I might be crazy........but not entirely out of my mind.......hahahaha......

As far as the "just the T4" approach goes, I'm not advocating that it be the only item assessed, but realistically, even that is probably asking too much....... T4 + T1 + T2....fine........ The current approach doesn't take ANY annual income/tax installments into consideration. I don't think there's any interest in performing a complete tax "audit" for a prospective sports car purchaser. Some people would find this pretty intrusive. However, I do think this is something that should be optional. If a purchaser wished to "challange" the luxury tax, they could have the option of providing supporting documentation such as a T4, T1, T2, etc....and have a quick assessment processed to determine the appropriate amount of luxury tax to be applied to their purchase. Would the government be interested in having a team of assessment agents standing by to determine whether or not they can take less of your money? NOT. But, a salesman punching in "annual gross income" and "taxes paid" to get a more representative tax assessment seems doable......... Also, I don't really care if some people are able to scam the system.....whatever. I just don't like the fact that someone who works hard for their money, pays their taxes, contributes to Canadian society, and wants to reward themselves with the purchase of a nice car should be "punished" for doing so, when there are many other individuals who should rightfully be footing this bill.... OK, that's enough of my tax rant............how can you tell it's that time of year LOL..........
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... no worry
... the T1 is what the individual return is called
... the T2 is what the corporate return is called
... they each capture many of the other forms
... I do my own T2 and T1 (and a few for others too so that HR-Block doesn't rob as many people with simple tax)
and yes my stress dial is on "full" too ...

however ... I really do get your point Mr. Prime Minister :joyful:
(just clarifying so the opposition and the CRTC regulated Fake News doesn't take advantage of you) ;)

... now ... this is a full derail ... if I ever intended :angelic: ...
 
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