Used Car Tax in Ontario (private sale)
I'm not very familiar with buying/selling vehicles in Ontario. I know I just need the bill of sale which is at the back of the UVIP print out you get online and sign over the ownership to the new owner and vice versa for buying and selling in Ontario.
But what about tax? What is to stop me from declaring a $10 tax on a $50,000 cash deal and say it was a gift?
Thanks for any feedback!