Canada’s new luxury tax, explained

On the September 2 episode of The Final Word, Abby Hughes talks about Canada’s new luxury tax and how cars and boats over $100 000, and aircraft over $250 000, will be taxed an additional 10 per cent on their original sale price. She speaks with assistant economics professors Keyvan Eslami and Obeid Ur Rehman who delve into whether the federal government’s estimates make sense, why these items might be the target of a tax, and what it’ll mean for Canadians.