Luxury Vehicle. A luxury vehicle is intended to provide passengers (and often the driver) with increased comfort, a higher level of equipment and increased perception of quality than regular cars (such as economy cars, which are intended as basic low-cost transportation devices) for an increased price.
PST On Vehicles. However, if you delay registering the vehicle, you may be required to pay PST directly to the B.C. Ministry of Finance. The general PST rate on private vehicle sales and gifts of vehicles is 12%. However, the PST rate varies based on whether the vehicle is a passenger vehicle and the value of the vehicle.
Luxury Vehicle s List. Luxury vehicles list . Please note this is a guideline only and is updated periodically. Please refer to the table below to find out whether a vehicle: 1. is subject to mandatory High-value vehicle Basic Autoplan insurance premiums and /or 2. requires an application to obtain ICBC own damage coverage through the Additional Registration Fee For Luxury Vehicles. luxury vehicles exempt from the additional registration fee. You may be exempt from paying the additional registration fee for a luxury vehicle, depending on the vehicle’s powertrain or use. Passenger vehicles serving a special purpose are not subject to the additional registration fee. Here are the main types of vehicles to which the
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