I was wondering , if I was to purchase a 2007 Toyota Camry from The USA, would I get the $2600 tax rebate from the US government and then again $2000 from the canadian government or would I only recieve the money from Canadian government.If I get it from both thats a savings of $5000. Anyone respond!
2006-07-23 11:01:47 · 2 answers · asked by dude16 1 in Cars & Transportation ➔ Buying & Selling
Last I checked only some Canadian provinces were offering a tax incentive for a hybrid car. Those were Ontario and British Columbia, offering a rebate on the retail sales tax.
In order to get any "tax rebates" in the US, the amount comes off of your US Federal income taxes.
The only way I could see that you could get both tax incentives, is if you registered your car in BC or ON, and work in the US (so you have to file US Income tax).
I haven't checked into the specs on the Camry hybrid, but for the Prius you'd also need to look into getting aftermarket DRLs if you import into Canada...
2006-07-27 10:59:31 · answer #1 · answered by mrvadeboncoeur 7 · 0⤊ 0⤋
This is only a guess, but I'd think that it would depend on where you register the car. I say only the $2,000.00 from Canada. Dunno. If it's not registered in the U.S., there is no benefit to the American taxpayers and I wouldn't think that Washington would help to subsidize the purchase.
2006-07-23 11:07:09 · answer #2 · answered by Anonymous · 0⤊ 0⤋