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Rush to purchase luxury items may lead to unintended consequences

The Globe and Mail
Brenda Bouw
Published May 12, 2021
The federal government is proposing a tax on the sale or lease of new luxury cars and personal aircraft that cost more than $100,000, and personal-use boats that cost more than $250,000. The tax would be calculated at the lesser of 20 per cent of the value above the thresholds or 10 per cent of the full value of the luxury car, boat, or personal aircraft.
Bart Sadowski/iStockPhoto / Getty Images
The Liberal government’s plan to tax expensive cars, yachts, and private aircraft introduced in this year’s federal budget has prompted many wealthy clients to check in with their financial advisors and see if they should consider buying these luxury items before the new charge is expected to take effect on Jan. 1, 2022. ....

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Is 'Revenge Shopping' on the Horizon in the U.S.?

Is 'Revenge Shopping' on the Horizon in the U.S.?
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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Cops nab four over armed robbery at shop selling luxury items

JOHOR BARU: The police have arrested four men believed to be involved in an armed robbery here.
Seri Alam OCPD Supt Mohd Sohaimi Ishak said that three of the suspects were arrested at about 9.50am on Monday (Feb 22) around Jalan Tun Razak in Skudai and Taman Johor Jaya.
Following the arrest and investigations on the three suspects, we were able to identify another suspect. The fourth suspect was arrested at 3.29am on Wednesday (Feb 24) in Damansara, Kuala Lumpur.
They were believed to have been involved in an armed robbery that took place at about 3.30pm on Saturday (Feb 20) in Johor Jaya. The suspects are in their 20s and 40s, he said in a statement here on Thursday (Feb 25). ....

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