Jan 4, 2022

BIC LogoFirst, thank you to all those Boating Industry Canada News Week readers who have already taken a moment to answer our brief survey on the Luxury Tax. Our survey asks what people are saying (or are not saying) to their customers about this new tax and what impact they anticipate it will have on their business.

NMMA Canada and all the Marine Trade Associations are continuing to actively oppose this with all their resources. We strongly encourage everyone to work with their associations to support the opposition to this tax. We still have some time before it can be implemented.

Recently, NMMA Canada wrote that in the government’s Fall Economic Statement, the finance minister confirmed the Luxury Tax will not be coming into effect on January 1, 2022 as originally promised. Instead, the government will release draft legislation early in the New Year. Parliament returns on January 31st and the legislation will have to go through debate and committee hearings.

PRELIMINARY SURVEY RESULTS
We will hold our survey open another week to gather additional input but so far:

  • 46% of respondents are getting lots of questions on this
  • 22% plan to “Not raise the matter if they don't” in sales presentations
  • 55.5% plan to “Get out ahead of the question at the start of the sales presentations, for example: Volunteer that prices are plus HST and plus Luxury Tax, which is also plus HST”
  • 39.3% plan to set an “up-front policy” on how they handle the question
  • 55.6% say they have reduced the number of boats they have for stock in anticipation of this
  • In the verbatim responses, some dealers are preparing for annual sales declines in the millions of dollars

In December, NMMA Canada released a third-party analysis by renowned economist Dr. Jack Mintz which showed that consumers could easily avoid the luxury tax by purchasing and keeping their boats abroad, especially for those who reside in communities near the Canada-U.S. border. The study establishes that if consumers avoid the tax as expected, our industry will bear the brunt of the damage—estimated by Dr. Mintz at a minimum of $90 million in lost sales and 900 lost full-time jobs.

In the most recent NMMA Day on the Hill, I was part of a small meeting with an MP who was heading up the budgeting process. After we explained about the economic damage this would cause, the ease of tax-avoidance and the unemployment that would result, he suggested that the Luxury Tax proposal was a strategic election campaign move – not business or revenue-based.

Well before the September 2021 Federal Election was called, the NDP was very clear about their plans to tax the rich. Rich Canadians would pay more tax so that average Canadians would not have to. The NDP did not win the election, but their support is essential to the new minority Liberal government lead by Justin Trudeau.

So, the boating industry has two things to do; first, work with your MTA and write your local Member of Parliament using this template letter that the NMMA has developed and/or request a meeting to discuss the impact on your business with your MP. (You can look up your MP here). Get engaged on this and get on the record with your MP.

The second thing is to communicate with your customers and other influencers in your communities. That’s why we set up this survey to share the best messaging from our industry.

This tax could be terrible for our industry. Oppose it now with all our resources, but be prepared with your own communications strategies in case it does come in.  

We will share the best ideas on this in next week’s News Week.

Click here for the Boating Industry Canada Luxury Tax survey. 

 

  • Prev
Atlantic Canada’s premiere boating event is set to return to the Halifax Exhibition Centre, ...
The International BoatBuilders’ Exhibition and Conference (IBEX) has announced that the IBEX ...
For 2023, the National Marine Electronics Association has a great lineup of both in-person and ...
On November 15th 2022, Mercury Marine, a division of Brunswick Corporation (NYSE: BC), introduced ...
Charlie Bulmer, his wife Chris and daughter Kelly lead a team of 22 staffers as they hosted their ...
In just one week, we will be hosting the 2022 Boating BC Conference, Winds of Change presented by ...
If you haven't registered for the conference yet, Boating Ontario thought we should remind you ...
“The 63rd annual Fort Lauderdale International Boat Show (FLIBS) ushered in a five-day exhibition ...
Ralph and Eleanor Hutchings, the founders of Hutchings Marine Products Ltd., ...
Thank you to those who have already purchased tickets to the 2022 Boating BC Conference, Winds of ...

Recreational craft and invasive species – how to manage biofouling to stop the spread

Biofouling Management

New Biofouling Management for Recreational Boating Report is published

Killer shrimps, sea squirts and the spiny water flea are all examples of invasive alien species that have been introduced to new areas in various parts of the world by recreational craft such as boats, yachts and other small craft. 

Invasive alien species are known to be one of the biggest drivers of biodiversity loss, and their management especially in marine environments is incredibly challenging. Therefore, the most cost effective away of addressing their impacts is to prevent their spread to new areas.


Read More


 

Changing Scene

  • Prev
Vision Marine Technologies (NASDAQ: VMAR) (“Vision Marine” or the “Company”), the global leader and ...
The world’s largest trade exhibition of leisure marine equipment once again sprang to life with the ...
On November 22, the NMMA announced that Sara Anghel, NMMA Canada president, is moving on from the ...
Mercury Marine, a division of Brunswick Corporation (NYSE: BC), today announced that its Plant 7 ...
The comprehensive ICOMIA (International Council of Marine Industry Associations) International ...
Raymarine’s YachtSense Link marine router has won the 2022 DAME award in the category ‘Marine ...
Vision Marine Technologies (NASDAQ: VMAR) (“Vision Marine” or the “Company”), the global leader and ...
Lund Boats is celebrating its 75th anniversary in 2022, reflecting on its strong heritage of ...
Boating Industry Canada News Week editors attended the Highfield Boats Media Event at the 2022 Fort ...
For the third consecutive year, Brunswick Corporation (NYSE: BC) has been named by Forbes and ...

Boating Industry Canada News Week

 

Every Tuesday we publish a fresh Digest with informative articles pertaining to the Canadian boating and marine industry. Stay up to date with the latest products, research and industry developments.

Missed an Issue of Boating Industry Canada News Week? If you're looking for a specific issue, or simply want to catch up on previous issues, check out our Boating Industry Canada News Week Archives.

Not signed up for News Week? Subscribe here

 

 

 

 

 

Launchings

  • Prev
Princecraft® Boats, a division of Brunswick Corporation (NYSE: BC) and leading manufacturer of ...
Originally launched in 2022, Four Winns’ H-series’ success further elevated the brand’s ...
Building on the success of the multi-award-winning H22, Heyday Wake Boats announced the launch of ...
Sea Ray’s next generation of sport boats is continuing to steal the spotlight with the introduction ...
Lowe Boats, a leading manufacturer of high-quality, full-featured aluminum boats, has announced the ...
The new Cruisers Yachts 50 GLS makes its Worldwide debut at 2022 Fort Lauderdale International Boat ...
Celebrating 50 legendary years, Blackfin Boats introduces their newest addition to the Blackfin ...
September 1st, 2022 – Elan Yacht’s sporty new performance cruiser the Elan E6 is now officially ...
Committed to promoting the finer side of life with rich and instinctive boating experiences for 50 ...
While staying true to brand values and the iconic craftsmanship that is easily recognizable, Four ...
 

Heydey H20

Building on the success of the multi-award-winning H22, Heyday Wake Boats announced the launch of the newest model in the Heyday H-Series, the 2023 H20. Offering wake sports enthusiasts an intuitive design with industry-first features that delivers a clean, powerful wake that is unrivalled in its category, the H20 sets the standard for performance, design and accessibility.

Executing on its vision to attract the next generation to the sport, the H20 features an industry-first mechanically actuated swim platform, the Power Platform™, allowing the rear of the boat to fold to fit into a garage. For those owners that store their boat in a slip, owners can avoid waterfowl collecting on the swim platform by lifting the Power Platform.

Read More


 

 

Quicksilver 409 MPI Bravo EngineQuicksilver, a brand of Mercury Marine, introduced its all-new 409 MPI Bravo® FWC engine at the Land ‘N’ Sea Marine & RV Show in Las Vegas. For owners of older boats who are seeking to return to or extend their time on the water, the engine offers a thrilling boost in performance and is compatible with advanced digital technologies that provide even more reasons to breathe new life into a cherished classic with a repower.

The 409 MPI Bravo engine features increased durability and reliability in a package that is more compact, up to 150 pounds lighter and more fuel efficient than comparable big-block marine engines. 

Read More


 

People

  • Prev
Airmar Technology Corporation (Airmar) was saddened to announce on October 27th, that its Vice ...
Can-Am Sales Group, LLC., is pleased to announce that outdoor industry professional Sophie ...
On October 23rd, Canadian Boat Shows announced two New Staff members join the Toronto Boat Show ...
Torqeedo GmbH, the market leader for marine electric drives, has appointed Fabian Bez as the ...
Canadian Boat Shows announces that their new Show Manager for the Vancouver International Boat Show ...
As of August 2022, Boris Heitmann (58) has taken over responsibility as Vice President ...
Kim Knudsen has just joined the Quadrant team as their new Community Partnerships and Training ...
MarineMax welcomes Margriet Mitchell as the new brand marketing manager for Azimut, Cruisers ...
"Dad passed away peacefully on June 25th, at his home on Sturgeon Lake, just shy of his 92 ...
Chaparral Boats, Inc. and Robalo Boats LLC awarded $100,000 in college scholarships to ten ...

Outdoor Professional Sophie Lelievre-Hughes joins Can-Am Sales Group, LLC

Sophie Lelievre-Hughes

Can-Am Sales Group, LLC., is pleased to announce that outdoor industry professional Sophie Lelievre-Hughes has joined the Can-Am sales team as Territory Sales Manager. Sophie brings over 14 years of outdoor supplier experience to the Can-Am team which includes transforming the Lucky Bug Lure company into a successful brand across North America.

“We’re excited to have Sophie join our Can-Am team. Her enthusiasm & ability to thrive in a fast-paced environment combined with her deep industry and customer knowledge are a perfect fit for the needs of our distribution, retail, and vendor partners” stated Can-Am Sales Group President, Scott Makway.

Read More