New Tax


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Aashu   
Member since: Nov 04
Posts: 1353
Location: Vaughan

Post ID: #PID Posted on: 27-08-08 22:38:51

From what I understand, any license plates renewed from and after Sept 1 , monday, will be charged $ 60 per year charge as new tax for personal vehicles. http://www.thestar.com/News/GTA/article/486141

I just renewed my online (way in advance) to save $ 60. http://www.serviceontario.ca." rel="nofollow">LINK



hchheda   
Member since: Aug 05
Posts: 2245
Location: Woodbridge

Post ID: #PID Posted on: 28-08-08 10:11:09

Thank you Aashu...for the 'good' news...:cuss:

Seriously, the city of toronto needs a DESI council to teach them how to manage funds...

Hiren



mails4sagar   
Member since: Nov 05
Posts: 310
Location: Toronto

Post ID: #PID Posted on: 28-08-08 10:17:32

I don't think you are saving $60.00.
You are only saving the interest on the $60.00, coz from what I read sometime back, if you renew in advance, you will be charged the tax anyways, and will need to pay it when you renew next year (or in two years).
By renewing in advance (the way you did), you only avoid paying is NOW.


Here it is.............

http://www.torontosun.com/News/Columnists/Levy_Sue-Ann/2008/08/19/pf-6495971.html

"Deputy city manager and CFO Joe Pennachetti argued the tax is not "retroactive." He said yesterday it was "always" in their reports that everyone who has a permit renewal date from Sept. 1 on would have to pay the $60.

"We knew there would be situations like this (early renewal) and in a case like this it's due the next time you make a payment," he told me, calling these kinds of situations part of a "transition" to a new tax.

He also confirmed that anyone who prepaid (in 2007) for two years, will owe the entire $60 for the second year when they go to renew in 2009. "


Quote:

From what I understand, any license plates renewed from and after Sept 1 , monday, will be charged $ 60 per year charge as new tax for personal vehicles. http://www.thestar.com/News/GTA/article/486141

I just renewed my online (way in advance) to save $ 60. http://www.serviceontario.ca.

" rel="nofollow">LINK


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DesiGuy1981   
Member since: Mar 07
Posts: 282
Location:

Post ID: #PID Posted on: 28-08-08 10:38:27

renewing the license plateand renewing the sticker is same thing rite?
so next time i go to renew the sticker..they wud charge me 74+60 rite?



Aashu   
Member since: Nov 04
Posts: 1353
Location: Vaughan

Post ID: #PID Posted on: 28-08-08 10:39:57

All I can say is : "Thank you ...for the 'good' news... " :cuss:


Quote:
Originally posted by mails4sagar


I don't think you are saving $60.00.
You are only saving the interest on the $60.00, coz from what I read sometime back, if you renew in advance, you will be charged the tax anyways, and will need to pay it when you renrew next year (or in two years).
By renewing in advance (the way you did), you only avoid paying is NOW.


Here it is.............

http://www.torontosun.com/News/Columnists/Levy_Sue-Ann/2008/08/19/pf-6495971.html

"Deputy city manager and CFO Joe Pennachetti argued the tax is not "retroactive." He said yesterday it was "always" in their reports that everyone who has a permit renewal date from Sept. 1 on would have to pay the $60.

"We knew there would be situations like this (early renewal) and in a case like this it's due the next time you make a payment," he told me, calling these kinds of situations part of a "transition" to a new tax.

He also confirmed that anyone who prepaid (in 2007) for two years, will owe the entire $60 for the second year when they go to renew in 2009. "




Aashu   
Member since: Nov 04
Posts: 1353
Location: Vaughan

Post ID: #PID Posted on: 28-08-08 13:09:37

Quote:
Originally posted by DesiGuy1981

renewing the license plateand renewing the sticker is same thing rite?
so next time i go to renew the sticker..they wud charge me 74+60 rite?



Absolutely Rite.



dudewheresmycar   
Member since: Jan 07
Posts: 980
Location:

Post ID: #PID Posted on: 28-08-08 16:41:03


One loophole will remain

U sell u car before the renewal date and start taking bus..

Quote:
Originally posted by DesiGuy1981

renewing the license plateand renewing the sticker is same thing rite?
so next time i go to renew the sticker..they wud charge me 74+60 rite?





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