Correct, but some pinball machines are collectibles that appreciate.
So, for an example, an Indiana Jones would sell for more than what you paid if you bought it 5-10 years ago.
And in regards to my second point, regardless of what you sell it for, (profit or loss), a sales tax on used pinball...
This bill is significant to used pinball sales for two reasons;
1- To tax any personal profit you may make on the sale of goods. (Legally you are obliged to declare any profit over $30,000 as taxable income)
2- This is most likely the first step in applying a sales tax to used goods over $10K...
I don't understand the relevance of your comment at all.
What does buying a car or house have to do with this?
Both of those are purchases that have to be registered and taxed.
I'm not sure what I am taking out of context when I literally wrote the exact text from the bill.
Everyone paying attention???
77.5 (1) Every person or entity that is engaged in a business...commits an offence if the person or entity accepts a cash payment, donation or deposit of $10,000 or more in a single transaction or in a prescribed series of related transactions that total $10,000 or...
Hey Luch,
I know someone that is looking for a table.
How does one actually move this?
Is it all 1 piece?
It seems like it would be humanly impossible to get it in and out of a regular basement.
Are you able to ball park the weight?
You will pay 25% tariff on the $8000 then HST on the total. (We are also being taxed on the tariff).
The US also just cancelled the $800 exemption for US citizens earlier this week.
I pray the Canadian government does not follow suit.
King Kong is very close to the bottom of the list, in terms of desirability for me.
Evil Dead; eventually I hope, but not in the immediate future.
My focus right now is being able to pay the rent and keep the power on. ;)
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Check to make sure the inside metal of the coin door pushes against the white post on the left, inside of the cabinet when closing the coin door. (My Rush coin door was bent inwards and wouldn't reach the post, so even when closed, the machine thought the coin door was still open).
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