I'd just like to add this, I'd think a Canadian aircraft buyer/business owner would actually KNOW this stuff....
The luxury tax applies to aircraft that meet the definition of subject aircraft under the Act and are priced or valued above the $100,000 price threshold, unless an exemption applies.
Under subsection 2(1), subject aircraft means an aircraft that is an aeroplane, glider or helicopter as defined under subsection 101.01(1) of the CAR with a date of manufacture after 2018 and which meets any of the following conditions:... Blah blah blah 40 seats or less, 12 cup holders or more and a stripper pole....
So a lil ol Seneca wouldn't be taxed under the Luxury tax, unless it was a 2019 MY. You could buy a 3.5M$ Citation built in 2017 and not be Lux taxed.
It's ok to lean right, I do, but don't lean so far right you can't read the information on the left side of the page.....
TR