Tag Archives: NMMA Canada

NMMA meets with members of Parliament on Canadian Luxury Tax

NMMA Canada

The Senate of Canada met last week to consider the Budget Implementation Act of 2022, or Bill C-19, which includes the “luxury tax” on new boats valued at CA $250,000 or more. A recent study conducted by Jack Mintz, Ph.D., at the School of Public Policy at the University of Calgary, in conjunction with Fred O'Riordan at EY Canada, found ...

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Canada alters incoming Luxury Tax rules

Earlier this week, the Canadian government posted a notice of the final legislation containing the luxury tax, with some changes and wins for the recreational boating industry. The new, final legislation signals all deals signed before 2022 (by December 31, 2021) will now be exempt from the luxury tax, regardless of delivery date. You may recall the draft version of ...

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NMMA Canada hosts virtual State of the Industry event

Earlier this month, NMMA Canada held a virtual State of the Industry virtual event attended by about 200 marine professionals from across the country and beyond. The presentations included insights into boating consumer demographics by Boating Industry Canada editor Andy Adams; an update on boat and engine sales and NMMA’s advocacy work by president Sara Anghel; and a keynote on ...

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Canadian boat builders brace for proposed luxury tax

The Canadian government’s proposed luxury tax on new boats valued at CA $250,000 – originally scheduled to take effect January 1, 2022 – is expected to be fully implemented in the weeks to come. A spokesperson for Canadian Finance Minister Chrystia Freeland confirmed recently that the government will release draft legislation to implement the tax in the coming weeks.  In ...

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Correct Craft CEO discusses proposed Canadian luxury tax on boats

Correct Craft CEO

Correct Craft CEO Bill Yeargin appeared on the BOAT BOSS podcast to discuss the proposed Canadian luxury tax on boats. During the interview Yeargin shared the history of luxury taxes previously implemented around the world, why they don’t work, and why they are harmful to both the workers who build boats and small business owners who sell and service them. Yeargin stated, “The lessons learned ...

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NMMA Canada seeks Hall of Fame nominations

NMMA Hall of Fame Award logo

Nominations are being accepted for the NMMA Canada Hall of Fame through January 10, 2022. Inductees in the NMMA Canada Hall of Fame include those who have, or those who continue to, generate substantial and lasting contributions toward the advancement of the marine industry. The 2022 NMMA Canada Hall of Fame inductee will be announced at the NMMA Canada State ...

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NMMA and NMMA Canada provide update on joint policy priorities

U.S. - Canada trade partnerships

The recent bilateral meeting between President Joe Biden and Prime Minister Justin Trudeau signaled an opportunity for the U.S. and Canada to make headway on joint policy priorities, including those that benefit the North American recreational boating industry. The joint Roadmap for a Renewed U.S.-Canada Partnership issued following the historic meeting gives a glimpse into the shared priorities of the two countries. ...

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NMMA’s Sara Anghel elected first female ICOMIA president

Following the 54th ICOMIA Annual General Meeting on May 22, NMMA’s Sara Anghel was elected new ICOMIA president. Anghel, NMMA Canada president, has led the association for more than 12 years and has nearly 25 years of government relations experience.  ICOMIA, the International Council of Marine Industry Associations, is the international trade association representing the global marine industry since 1966. It ...

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Discover Boating Canada launches new site to navigate COVID

With news of Canada’s pleasure boating restrictions being lifted and the season ramping up, DiscoverBoating.ca has launched two new pages to help Canadian boaters find the latest information on enjoying boating while navigating COVID-19 guidelines.  Boating During COVID-19 features guidelines set by Transport Canada and includes helpful, printable infographics for NMMA Canada members to use in their businesses and share with ...

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NMMA Canada calls for support during ‘Recreational Boating Day on the Hill’

Today, NMMA Canada members, together with boat dealers and yacht brokers are on Parliament Hill meeting with dozens of parliamentarians, Ministers’ offices, and government officials to promote a message of competitiveness and job creation at the annual ‘Recreational Boating Day on the Hill’.  “The recreational boating sector is a huge contributor to Canada’s economy, adding $5.6 billion of GDP and ...

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