|

Recreational Marine Industry Applauds Removal of the Luxury Tax on Boats in Budget 2025

NMMA Canada

November 5, 2025

OTTAWA (November 4, 2025)—Canada’s boating industry applauds Budget 2025’s commitment to remove the devastating luxury tax on boats, a failed tax policy that unfairly punished Canadian manufacturers and workers. When the luxury tax was first implemented in September 2022, Canada’s marine industry leaders were quick to point out the impending losses of middle-class jobs, government tax revenues and sales declines. The removal of this failed tax was the direct result of sustained advocacy from the National Marine Manufacturers Association (NMMA) Canada, the Canadian Marine Retailers Association (CMRA), and our grassroots supporters across the country.

This decisive action protects boat manufacturing jobs across Canada, strengthens domestic production, and allows Canadian dealers to rebuild their businesses and restore sales to pre-tax levels. It also provides relief for the thousands of middle-class Canadians whose livelihoods depend on a strong recreational boating sector.

By eliminating this tax, the government has recognized that recreational boating is more than a pastime. It is an engine of economic activity and a source of connection for communities from coast to coast to coast.

“This is a major victory for Canadian manufacturing and marine businesses,” said Marie-France MacKinnon, Executive Director of NMMA Canada. “We’re grateful to our members, our partners at the Canadian Marine Retailers Association, and MPs from all parties who listened to the evidence and took action to protect Canadian jobs, local businesses, and consumers who want to enjoy time on the water with their families.”

The removal of this tax ensures the protection of Canadian manufacturing capacity, supports domestic boatbuilders, and allows dealers and retailers to recover lost ground after years of suppressed sales.

“The retail sector across the country is ready to get back to work, to bring sales back to Canada and to reengage with many Canadian families whose boating dreams have remained on hold as they refused to pay this frivolous tax,” added Rick Layzell, President of CMRA. “We know it will take some time to bring back the jobs already lost but we are committed to reengaging both consumers and our workers.”

NMMA Canada and CMRA look forward to continuing its advocacy work to advance policies that grow Canada’s marine economy, expand access to the water for Canadians, and help drive increased growth for the recreational boating industry.


For more information or to request an interview:

Marie-France MacKinnon, NMMA Canada: mmackinnon@nmma.org 
Rick Layzell, CMRA: info@canadianmarineretailers.ca

About National Marine Manufacturers Association Canada:

The National Marine Manufacturers Association Canada (NMMA Canada) is the national trade association representing boat, marine engine and accessory manufacturers across the country.

NMMA is dedicated to advocating for and promoting the strength of marine manufacturing, its members’ sales and service networks, and the boating lifestyle. www.nmma.ca

About Canadian Marine Retailers Association:

The Canadian Marine Retailers Association represents over 800 member companies in Canada involved with retail sales and services in the recreational boating Industry. The mission of the association is to provide a national advocacy voice for issues affecting the retail sector, and to promote the industry at the national level.

For more information, please contact info@canadianmarineretailers.ca.

Related Posts




Good Advice that You Can Share – Falling Overboard Recovery Steps

By John Gullick
 
An accident that occurs with surprising frequency to passengers and crew is falling. The chance of this happening can be greatly reduced if precautions are taken, such as wearing non-skid shoes that lace up and wearing appropriate clothing that does not impede movement. Those on board should make sure they have a sound footing and a good handhold at all times. Here is an old saying to remember: “Sailors were given two hands, one for the ship and one for themselves.” 

Read More




Need to Catch up on News This 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.



Lund Boats Introduces New 2027 HG Pro Series, Combining Hardtop Protection with Big-Water Capability 

All-new 220 HG Pro and 240 HG Pro models deliver rugged heavy-gauge construction, enclosed hardtop comfort and serious fishing functionality for demanding open-water anglers. 

Lund Boats has unveiled the all-new Model Year 2027 HG Pro Series, a purpose-built heavy-gauge aluminum platform designed for anglers who pursue big-water fisheries in changing conditions. 

Read More


JBL Debuts the Flip 7 Magnet for Secure Portable Sound on the Water and Beyond

JBL has announced the Flip 7 Magnet, a flexible mounting solution that brings portable JBL Pro Sound to boats, golf carts, RVs, powersports, vehicles and more. The purpose-built magnetic accessory securely holds the best-selling JBL Flip 7 on compatible metal surfaces, while an included receiver plate extends placement to nonmagnetic surfaces. 

Read More