Finance, Taxes, Insurance
Canada Luxury Tax Still Looms over Biz Aircraft
Canada's proposed luxury tax on new general aviation aircraft sales has been delayed.

Per the Canadian government’s December 2021 economic and fiscal update, the proposed luxury tax on new general aviation aircraft sales did not go into force at the beginning of this month as previously expected. The country’s Department of Finance is still working to incorporate the results of its earlier consultation into the proposed tax framework. Draft legislation, including details on coming into force, is scheduled to be released early this year.