Provincial Sales Tax Levied on Private Used Vehicle Sales

Whereas used vehicle sales are an economical and affordable means of attaining motor vehicle ownership for drivers of all income levels, skills, abilities, and ages, where consideration of the vehicles actual condition, previous use, and costs of functional repairs can be reflected in a final sales price; And whereas the Province has revised how Provincial Sales Tax is calculated on the sale of used vehicles, resulting in a disconnect between the real market value of used vehicles and the estimated values used to determine taxable value, making vehicle ownership increasingly unaffordable for British Columbians while unduly increasing tax revenues for the provincial government: Therefore be it resolved that UBCM lobby the provincial Ministry of Finance to discontinue the use of the Canadian Black Book as a means of determining the taxable value for used vehicles sales, and return to using the actual sale price of the used vehicle being sold when determining Provincial Sales Tax payable.