Misleading Article in Ontario about tax subsidies

[BravoSarah]

Of course crap like this is being passed around on media outlets in Toronto.

FYI, the subsidy was changed in January, she is using documents from the past 6 years that aren't in effect anymore. No mention of big oil subsidies or how much pollution costs taxpayers.


Ontario Should Stop Subsidizing Luxury Vehicles for Millionaires

$14 billion dollars in big oil subsidies and nobody bats an eye EV subsidy to the middle class and everyone loses their minds | memes.com

 

[AngelArm1110]

Typical criticism of the Liberal government by butt hurt Conservatives

 

[RiverBrick]

There was something in the media in Quebec today too about the province giving away EV grants on million dollar vehicles.
The Porsche 918 was mentioned, but they left out a few details:

1) Due to it's small battery it only qualifies for $500 off.
2) There are only one or two of them in the province.
3) Quebec has a luxury tax applied at registration to cars costing over $40,000. In the case of the 1.1 million dollar 918, the owner will have to pay an additional $10,600 per year just to have license plates.

 

[Breezy]

I think that the political reality is such that, if we want to retain these rebates at all, there needs to be a price cap like BC has. That is no rebates at all for vehicles more than $77k. I'd actually set the limit lower, say $60k. Though many here complain, I think people in Ontario should consider themselves fortunate that a $3000 rebate is still available for the Model S and X.

There will be an election in Ontario in June 2018. Electric car rebates are low-hanging fruit for the PCs to pledge to cut. If they win the election and eliminate the rebates, that means nobody in Ontario will get a rebate for a Model 3.

Ending tax rebates "for the rich" is a politically popular message. A price cap neutralizes that.

 

[ChooseGreen]

Wow, quite the aggressive spin on that article!

Correct me if I'm wrong, but given Ontario's aggressive carbon-reduction goals, isn't EV adoption a low-hanging fruit? We have lots of low carbon electricity generation to charge our future EVs.

I really hope the next government doesn't scrap the plan as the $14k subsidy is necessary for me to afford just the base model.

 

[Phillip L]

We are seriously looking at the Volt as our second vehicle, after the Model S, and sooner rather than later if there is such political jockeying around the rebates.

 

[Breezy]

The National Post has a different spin on it. A fairer one, IMO, emphasizing that the program has already been changed.

http://news.nationalpost.com/news/canada/ontario-changes-program-after-buyers-of-1-1-million-porches-get-5000-rebates

These things have a life of their own. I hope it blows over and doesn't become a policy issue.

 

[sandpiper]

It's already over. The program doesn't apply any more and if the Libs want to they can say that.

All that said... the taxpayers didn't help the guy. To buy his $1M car he undoubtedly probably paid a buttload of income taxes (pushing 50% in that bracket, so within spitting distance of $1M income tax), plus another 150K in sales taxes. That he's given a break of a few thousand doesn't strike me to be the the greatest injustice in the world.

 

[Jaff]

It's already over. The program doesn't apply any more and if the Libs want to they can say that.

All that said... the taxpayers didn't help the guy. To buy his $1M car he undoubtedly probably paid a buttload of income taxes (pushing 50% in that bracket, so within spitting distance of $1M income tax), plus another 150K in sales taxes. That he's given a break of a few thousand doesn't strike me to be the the greatest injustice in the world.

All very true Sandpiper (except that one who can afford to drop $1,000,000 IS rich imo, as opposed to we folks who can afford to finance a $150,000 car)...this guy's marginal tax rate under the new rate will be closer to 53%...

 

[wayner]

All very true Sandpiper (except that one who can afford to drop $1,000,000 IS rich imo, as opposed to we folks who can afford to finance a $150,000 car)...this guy's marginal tax rate under the new rate will be closer to 53%...

Sight correction:

"...this guy's marginal tax rate under the new rate is already above 53%"