Selling Car Imported from US

[gad33 47]

My google-fu is not working and I can't find any info on this so if someone can point me in the right direction that would be great.

We brought 2 cars with us when we moved here 6 years ago from the US. Now we are thinking of selling one and just returning to the US with one vehicle. But is there any tax due when we sell or have we been in Canada long enough so that nothing is due and how do I find this out?

[neiks 19]

Assuming the vehicles where included in your goods when entering Canada as an immigrant or a former resident and the vehicles have been registered in Canada then there is a 12 month retention period of goods before they can be sold or disposed of.

Former Resident of Canada

http://www.cbsa-asfc.gc.ca/publications/dm-md/d2/d2-3-2-eng.pdf

Retention Period

30. Goods imported under tariff item No. 9805.00.00 or goods that have benefited from a reduction in their value for duty under section 84 of the Customs Tariff that are sold or otherwise disposed of in Canada within 12 months after importation are subject to repayment of the duties initially exempted on the first $10,000. However, credit will be accorded for each full month the item was retained.Note: If the value of the vehicle at time of importation was under $10,000 and it was therefore exempted from the payment of excise taxes (e.g. air conditioner, excess weight), such excise taxes also become payable in their entirety if the vehicle is sold or disposed of within 12 months after importation.

OR

Settler's Effects (Immigrants)

http://www.cbsa-asfc.gc.ca/publications/dm-md/d2/d2-2-1-eng.pdf

Retention Period

31. Settlers are to be advised at the time of arrival that goods, including vehicles, imported under tariff item No. 9807.00.00 which are sold or otherwise disposed of within 12 months after importation are subject to the duties otherwise payable, based upon their value on the day of such sale or disposition. The 12-month period for retention of goods will be calculated from the date of physical arrival of such goods into Canada.

[gad33 47]

Thanks neiks for this. Great help, just couldn't find it in my searching.