Finance, Taxes, Insurance
CBAA: Canada’s Luxury Tax Adoption ‘Reckless’
The Canadian Business Aviation Association once again blasted the Canadian government's 10 percent luxury tax on aircraft that took effect September 1.
The Canadian Business Aviation Association once again blasted the Canadian government's 10 percent luxury tax on aircraft that took effect September 1. (Stock photo)
The Canadian Business Aviation Association once again blasted the Canadian government's 10 percent luxury tax on aircraft that took effect September 1. (Stock photo)

The Canadian Business Aviation Association (CBAA) once again blasted the Canadian government's 10 percent luxury tax, which took effect September 1, on the sale of boats, cars, and aircraft worth $100,000 or more. According to CBAA, the tax’s adoption “without understanding its full impact on [aviation] jobs and the economy is, in our view, reckless.”