I was in the boat repair business at that time and the last pre-tax year was 1.5 million gross and the next year with the tax was 385K. It does not work, no one will pay it, they'll find any way around it.
Joe Della Barba Coquina From: Bill Coleman via CnC-List <cnc-list@cnc-list.com> Sent: Wednesday, January 12, 2022 2:33 PM To: 'Stus-List' <cnc-list@cnc-list.com> Cc: Bill Coleman <colt...@gmail.com> Subject: [EXTERNAL] Stus-List Canadian Luxury Tax OK, I know I should just get back to work, but this is a very thought provoking Bill about to take place, and it is like watching a slow motion train wreck. The American Version of the 90's may not have been what completely killed C&C, but it certainly guaranteed it. What do they say, "Those who do not remember the mistakes of the past are condemned to repeat them in the future" ?! It's been about a generation, long enough to forget, I guess. And Canada has a lot to lose. https://marinefabricatormag.com/2021/12/20/analysis-shows-canadas-proposed-luxury-tax-will-have-heavy-impact-on-marine-industry/ https://www.chicagotribune.com/news/ct-xpm-1991-06-13-9102220626-story.html Bill Coleman Entrada, Erie, PA
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