In order to submit a vehicle appraisal to ICBC to save on vehicle transfer tax, you will need to complete the FIN 320 appraisal form, also known as the ICBC appraisal form. This form must be filled out and signed by an independent auto appraiser or a motor vehicle dealer who provides an appraisal of […]
ICBC Vehicle Appraisal Form (BC FIN 320 Appraisal Form) Read More »
Are you in the market for a used car in British Columbia but concerned about paying taxes? While it’s not possible to completely avoid taxes on a used car purchase, there are several exemptions available that can help minimize your tax liability. Let’s explore some of these exemptions and how you can save money on
How to avoid paying taxes on a used car in British Columbia Read More »
Are you planning on purchasing a used vehicle in British Columbia and considering whether to invest in a professional car tax appraisal before transferring ownership at ICBC? It can be challenging to determine whether the cost of a car tax appraisal is worth it. However, evaluating specific factors can help you make an informed decision.
If you’re planning to purchase a car at a private sale in British Columbia, it’s important to note that the Canadian Black Book valuation used by ICBC to calculate PST tax may not always reflect the true value of a vehicle. This is particularly true if the car has defects like rust, high mileage, or
A guide to car appraisals in British Columbia to save on sales tax on vehicles. Are you planning on buying a car privately in British Columbia? If so, you will need to take into consideration one of the most significant expenses that you will encounter, the Provincial Sales Tax (PST). The amount of PST you
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When transferring ownership of a used vehicle in BC purchased through a private sale, you will need to pay Provincial Sales Tax (PST) based on the Canadian Black Book wholesale value or purchase price, whichever is higher. However, the Canadian Black Book valuation used by ICBC may not reflect the true value of your vehicle
If you’re purchasing or transferring ownership of a used vehicle in British Columbia through a private sale, you’ll need to pay Provincial Sales Tax (PST) based on the Canadian Black Book wholesale value or purchase price, whichever is higher. This tax is commonly referred to as “ICBC tax” because it’s collected by the Insurance Corporation
How to Get a Vehicle Appraisal in BC to Save on Provincial Sales Tax Read More »
If you’re purchasing or transferring ownership of a used car in British Columbia through a private sale, you’ll need to pay Provincial Sales Tax (PST) based on the Canadian Black Book wholesale value of the vehicle or the purchase price, whichever is higher. The current rate of PST on most private vehicles in BC is