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| This is a discussion on Canada - ecoAUTO rebata -taxable income within the Prius Tax Credit Discussion forums, part of the Gen II Prius Main Forum category; I just mailed the application for the ecoAUTO rebate. Now I wonder how Canada Revenue Agency (CRA) will consider that ... |
Canada - ecoAUTO rebata -taxable income
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| Member Join Date: Dec 2007 Location: Red Deer, AB - Canada
Posts: 37
My Car: 2008 Prius Model: Package: B Thanks: 0
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Friends: 0 | I just mailed the application for the ecoAUTO rebate. Now I wonder how Canada Revenue Agency (CRA) will consider that money. Not sure whether or not it will be considered as part of my taxable income. Any idea? In the mean time I will call CRA.... Thanks. |
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| | #2 | |
| Member Join Date: Dec 2007 Location: Red Deer, AB - Canada
Posts: 37
My Car: 2008 Prius Model: Package: B Thanks: 0
Thanked 0 Times in 0 Posts
Friends: 0 | Quote:
Called CRA (1-800-959-8281) talked to an agent. Answer: they do not know!. They gave me another number to call (1-866-330-3304). Hopefully more to come. | |
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| | #3 |
| Senior Member Join Date: Dec 2007 Location: Ca
Posts: 200
My Car: 2007 Prius Model: Package: #5 Touring Thanks: 0
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Friends: 0 | it's not income, it's a rebate, therefore not taxable... there's a surcharge on less efficient vehicles... by your argument, the people receiving surcharges would get CREDITS on their tax returns while you are charged income tax on yours... the only reason they didnt simply take the $$ off at the point of sale is that they're the govt and it's too hard for them to figure that out! stop turning over rocks that dont need to be turned over.. you'll only confuse them more! |
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| | #4 | |
| Member Join Date: Dec 2007 Location: Red Deer, AB - Canada
Posts: 37
My Car: 2008 Prius Model: Package: B Thanks: 0
Thanked 0 Times in 0 Posts
Friends: 0 | Quote:
They told me that since I bought the car for personal use I do not have to add the $2,000 I will -eventually- get from Transport Canada to my income. Hope this helps. Feel free to call the numbers I provided and ask. Please update the thread if you find some other information. | |
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| | #5 | |
| Member Join Date: Sep 2007 Location: Ottawa, ON
Posts: 96
My Car: 2008 Prius Model: Package: B Thanks: 0
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MAB | |
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