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      10-02-2012, 12:57 PM   #3
discoboy1
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Drives: E82 1M VO/E30 M3/F30 328D
Join Date: Mar 2005
Location: Montreal

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Quote:
Originally Posted by e9012345 View Post
Hi,

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!
In Quebec, they will rely on the average values, to charge the tax if selling price is too low for cars under 8 yrs I believe.
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2011 E82 1M VO