All Hands On Deck!
Feb 25, 2025
We need your help. The National Marine Manufacturers Association (NMMA Canada) and our leaders at the Canadian Marine Retailers Association (CMRA) just sent out an urgent appeal for industry and public support to pressure the Government to cancel the Luxury Tax on boats.
We are all at risk of potential American tariffs severely damaging Canada’s economy and at a time when costs are rising and economic uncertainty looms, Canada’s harmful luxury tax on boats is making things even worse—driving sales, jobs, and investments out of our country.
The Parliamentary Budget Officer (PBO) and Canada Revenue Agency (CRA) confirmed that the tax is falling far short of revenue projections, bringing in nearly $50 million less than expected in its first year. Instead of targeting the ultra-wealthy, the tax has caused an estimated $240 million in lost sales and continues to threaten marine sector jobs across the country.
This tax has already done serious damage to Canada’s boat business.
Now, with the added pressure of new U.S. tariffs and an upcoming Canadian Federal election, this is the moment to pressure the Government to eliminate policies that weaken our economy and our industry.
We need your help to make sure Parliament understands the urgent need to remove this tax now.
Take action today. Visit www.BoatingUnited.ca to send a message to your MP and the Minister of Finance. Every email, every voice, and every vote counts in our fight to repeal this damaging tax. The forms are all made out and ready for your use – this will only take you seconds to make your voice heard.
Andy Adams – Editor
