Well, after my spectacular crash last season, I am 99% recovered and already looking for my next ride. I am eyeing a few used bikes on the various boards (craiglist list,etc).
My question is re: buying a bike through a private sale and taxes.
I checked with Cassell's - if it is a private sale, it is still subject to PST. But if you declare it as a "gift" - there is no tax on it. The catch is - if Gordie Campbell believes that a $5,000 bike is a gift (big fines if you are caught).
Any other approaches to minimize the amount of tax on a private sale?
(personally I hate to give more money to Gordie Campbell just to blow
on more Olympic propoganda). Would the declared value be something that can be adjusted?