Today, the Canadian government announced that a new luxury tax (Italian style) will be implemented Jan 1st, 2022. The tax applies to vehicles retailing for CDN$100,000 (equivalent to US$80,000) at the rate of 10% on total price or 20% on price over CDN$100,000, whichever is less. The sales tax of 13% in Ontario, applies to the total price marked up by the luxury tax! The luxury tax applies to cars, aircraft and boats (at CDN$250,000), but what was amazing (in a bad way) is that they singled out gliders specifically in the announcement yet I’ll bet that far less than 10 new gliders are sold in Canada each year. Seems like the politicians like their boats - no other way to explain the difference for them.