TLC Classic and Antique Vehicle Appraisal
Sales Tax
When purchasing a vehicle that is over 20 years old a Ministry of Finance Sales Tax Valuation Appraisal is required.
This must be completed prior to changing the ownership into the purchasers name.
If you have just purchased a restoration project, the time to change the ownership is NOW, waiting until the vehicle is completely restored will cost you more in sales tax.
The tax is paid on the value of the vehicle on the date of inspection NOT your original purchase price.
TLC Appraisal is registered by the Ministry of Finance to perform provincial retail sales tax valuation appraisals.
OSAP Appraisal
Servicing Durham, Scarborough and the Greater Toronto Area.
© 2012 TLC Classic and Antique Vehicle Appraisal
When applying for OSAP and you own a vehicle, the market value of the vehicle must be established and included in your application.
This process can be made simple by having a registered vehicle appraiser come to your location and complete the one page Ministry of Finance Sales Tax Valuation Appraisal that should be included with your OSAP application.
