NMMA Canada, the Canadian Marine Retailers Association (CMRA), and a broad coalition of grassroots supporters are applauding Budget 2025’s commitment to remove the devastating luxury tax on boats.
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A Failed Tax
A failed tax policy that unfairly punished Canadian manufacturers and workers, the levy was first implemented in September 2022. This quickly led to declining sales, job losses, and reduced government revenues. Industry leaders consistently warned of these consequences, noting that the measure unfairly penalised middle-class workers and local businesses across the country.
The decision to repeal the tax follows years of sustained advocacy from the National Marine Manufacturers Association (NMMA) Canada, the Canadian Marine Retailers Association (CMRA), and a broad coalition of grassroots supporters.
NMMA Canada Executive Director Comments
“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 Retail 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.”
Rick Layzell, President of CMRA, Comments
“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.”
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