Interesting that's what Ontario is doing. BC announced they will be charging taxes on the blue book value of vehicles, no matter what you paid. That came into play the beginning of November. I just got a pair of '68 Monaco's for free, and went in to transfer them in my name. The girl said, "Oh, the cutoff for that new rule is 1980, so anything older than 1980, you just pay taxes on what you paid for the vehicles." Sweet! But the people it'll really hurt are people who go out and buy a 2000 era vehicle, which say is now a $500 beater, but they're paying taxes on the $20K price tag it cost new.
