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Canada is taxing luxury cars, yachts, and private jets as celebrities come under scrutiny for their emissions
As stars like Taylor Swift and Drake are being scolded for their private jet usage, Canada revealed new details about how it's hoping to make the wealthy think twice about contributing to the climate crisis with their extravagant modes of transportation. The Select Luxury Items Tax Act — which will go into effect September 1st — will add a 10% tax on the full value of any Canadian purchases of aircraft and cars that exceed $100,000, as well as boats that exceed $250,000. These thresholds are in Canadian dollars and convert to roughly $78,000 and $194,000 respectively in US dollars.
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Does not hurt my feelings.