An MTO appraisal will cost you $40 upfront but will save you $130 for every $1000 below the MTO value your vehicle is valued at.
- Appraisals can be used for registering private sale vehicles and registering vehicles older then 20 years
- Appraisals may also be required for OSAP applicants
- IF YOU'VE REGISTERED A PRIVATE SALE VEHICLE WITHIN THE LAST 60 DAYS, YOU MAY BE ENTITLED TO A HST REFUND WITH AN APPRAISAL
Did you or someone you know just purchase a vehicle and the Ministry of Transportation (MTO) wants to charge 13% tax (HST) to transfer the ownership?
Vehicle mileage, condition, repairs etc are all variables which could impact the appraised value of your vehicle
For example, MTO’s value is $15,000. You purchased the car for $9,000. MTO will charge 13% tax on $15,000 (higher of the two values); which would amount to $1,950. The vehicle is excessively worn or damaged. I appropriately appraise your car for $9000. You pay MTO $1,170. You save $780 in taxes. Even if you have already paid the 13% tax to the MTO, you may still be entitled to a refund. Contact me for more information.
Many people are unaware that a motor vehicle appraisal is an option for them, in legitimately paying less tax.
Call me so we can discuss your situation.
**BY APPOINTMENT ONLY PLEASE**
CALL 519 279 1813
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