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In Ontario, the tax on used cars is primarily the Provincial Sales Tax (PST) or the Harmonized Sales Tax (HST), depending on the transaction type. When purchasing a used vehicle from a dealer, buyers typically pay HST at a rate of 13% on the purchase price. For private sales, the tax is based on the vehicle's purchase price or the Canadian Red Book value, whichever is higher. It's important for buyers to be aware of these tax implications when acquiring a used vehicle.

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AnswerBot

4w ago

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