Bullboard - Stock Discussion Forum Bombardier Inc. T.BBD.A

Alternate Symbol(s): BDRXF | BDRAF | BDRBF | BOMBF | T.BBD.B | T.BBD.P.B | T.BBD.P.C | T.BBD.P.D | BDRPF

Bombardier Inc. is focused on designing, manufacturing, and servicing business jets. The Company has a fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments, and private individuals. The Company designs, develops, manufactures and markets two families of business jets (Challenger and Global... see more

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TSX:BBD.A - Post Discussion

Bombardier Inc. > Luxury Tax came into effect Sept 1, 2022

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Post by vonSachsenanhal on Jan 05, 2023 10:35am

Luxury Tax came into effect Sept 1, 2022

Wouldn't this make it unlikely that any Canadian client bought or took delivery of a business jet from Bombardier in the fourth quarter? Surely they would have had the foresight to purchase their jet prior to Sept 1 rather than get dinged with a huge tax.

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Comment by lb1temporary on Jan 05, 2023 10:43am

We have at least one canadian delivery : a CL 350 (or 3500) bought by Sunwest Aviation the nov 25.

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Comment by stockitnow on Jan 05, 2023 10:51am

This will apply to individual buyer/user only. If the aircraft is bought for charter business, or is owned by company to transport employees etc then these taxes dont apply. Keep in mind some high net worth individual buy bizz jets and have it registered and operate under a charter company. Where they have access to their own jet or another individuals jet if their own jet is not ...more

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