Freeland's luxury tax siphoned nearly $1B to Ottawa
Between autumn 2022 and March 2025, the program yielded $913.4 million, with more that’s yet to be tallied, according to the Canada Revenue Agency.
Ottawa’s luxury tax on cars, planes and boats brought federal coffers more than $900 million before it was scaled back, according to figures obtained through an access-to-information request by The Canadian Press.
First implemented in September 2022 by former finance minister Chrystia Freeland, the levy imposed a 10 per cent tax on the full value of yachts over $250,000 and cars and planes valued at over $100,000.
