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Toronto Car Appraisals for M.T.O Tax
- Street: 4801 keele st
- City: toronto
- State: Ontario
- Country: Canada
- Zip/Postal Code: m3j3a4
- Listed: January 10, 2011 1:22 am
Did you or someone you know just purchase a vehicle and the Ministry of Transportation (MTO) wants to charge 13% tax (HST) to transfer the ownership?
If your vehicle is excessively worn or damaged you may be able to save money by obtaining a vehicle appraisal, which reflects the true value of the vehicle.
For example, MTO’s value is $15,000. You purchased the car for $9,000. MTO will charge 13% tax on $15,000 (higher of the two values); which would amount to $1,950. The vehicle is excessively worn or damaged. I appropriately appraise your car for $9000. You pay MTO $1,170. You save $780 in taxes. Even if you have already paid the 13% tax to the MTO, you may still be entitled to a refund. Contact me for more information. I can potentially save you hundreds even thousands of dollars!!!
Many people are unaware that a motor vehicle appraisal is an option for them, in legitimately paying less tax.
Call me so we can discuss your situation.
**********BY APPOINTMENT ONLY PLEASE***********
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Thanks guys, saved $290.