Ninjette = Tax Credit?

[jonthechron]

I was doing my income tax this afternoon and fell on a section that offers a credit for vehicles consuming 3-5 L/100 KM, the Ninjette falls in this category, so I added the plate # and info.. the result was a 2000 $ refund added to my deductions! Can anyone in Canada confirm if this is correct?

[BlueRaven]

This is the first i hear of this. I'll have to check this out cause i'm gonna be paying over $2,000 in taxes this year so i'm looking into all the deductions i can claim this year. Thank for tip!

[dowmace]

I know in the US you can get a tax credit if you bought a NEW bike.

[joyinc]

WHAT! i hope someone can confirm cause i just bought one i'd love to claim something... i wonder if i can still claim the 125 i bought last year
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[Flashmonkey]

Hrmm.........let me know if this works. I need more moneyz....

[chokne]

It has to be 4 wheels... sorry for bursting lots of bubbles (including mine!)

It's available on vehicles such as Ford Fusion Hybrid, Toyota Prius, Honda Insight, Honda Civic hybrid

[OldGuy]

Originally Posted by chokne

It has to be 4 wheels... sorry for bursting lots of bubbles (including mine!)

It's available on vehicles such as Ford Fusion Hybrid, Toyota Prius, Honda Insight, Honda Civic hybrid

In the use you can get one for a motorcycle according to the IRS - Checkout this link

Sorry about our friends to the north

[jonthechron]

Update: I looked between the fine print and here is it... guess we wont be included in this deal...

Recognized fuel-efficient vehicle

A four-wheel vehicle that meets all of the following conditions:

The vehicle is:

• powered entirely or partly by gasoline or diesel;
• in the case of a hybrid vehicle, powered partly by gasoline or diesel and partly by electricity; or
• powered by a source of energy other than fuel (as in the case of a low-speed vehicle).

With respect to a vehicle powered entirely or partly by gasoline or diesel, or a hybrid vehicle powered partly by one of these fuels and partly by electricity, the weighted fuel consumption rating is

• no more than 5.27 litres per 100 kilometres for a vehicle using gasoline;
• no more than 4.54 litres per 100 kilometres for a vehicle using diesel.

The vehicle is registered or deemed registered for the first time in Québec and has never been registered outside Québec, unless it was registered outside Québec with a temporary in-transit registration so that the vehicle could be brought into Québec immediately after the transfer of possession.

The vehicle was not acquired for resale or long-term leasing.

If the vehicle is acquired or leased on a long-term basis by an eligible person, the vehicle is registered in the name of that person, who may be the owner, co-owner or long-term lessee of the vehicle.

If the vehicle is acquired or leased on a long-term basis by a partnership, the vehicle is registered in the name of one of the partners.





Do training wheels count?

[joyinc]

Originally Posted by jonthechron

Do training wheels count?

I was JUST about to ask that!

[jonthechron]

Originally Posted by joyinc

I was JUST about to ask that!

[250rStar]

yeah i thought the same thing got all excited and H&R block was like "ahh no ur stupid and its only for 4-wheeled vehicles" well minus the stupid part but yeah sucked non the less just without the bruse to the ego hahaha

[bdavison]

Yeah, I was rather ticked that I couldnt claim my 09 ninja.....it said it has to be NEW....and mine was technically used even though it only had a few miles on it.

[addy126]

The U.S. sales tax credit is only for the year 2009. It was buried into an Obama mandate. Can be used for only new bikes purchased in 2009 and was being used as a sales pitch by bike dealers. I waited until the very last day of the year, purchased a new 2009 Vulcan-900 classic with 2,000 off the OTD and the additional "sales tax credit" that could be applied. Great deal and took advantage of that right off....

[Flashmonkey]

4-wheels?!?!?!? What kinda BS.....I'm pulling the race card on this one. This issue is racist!!!

[OldGuy]

Originally Posted by OldGuy

In the use you can get one for a motorcycle according to the IRS - Checkout this link

Sorry about our friends to the north

Originally Posted by 250rStar

yeah i thought the same thing got all excited and H&R block was like "ahh no ur stupid and its only for 4-wheeled vehicles" well minus the stupid part but yeah sucked non the less just without the bruse to the ego hahaha

Go tell your H&R Block people to read the IRS link.

"Qualified motor vehicles generally include new cars, light trucks, motor homes and motorcycles.

To qualify for the deduction, the new cars, light trucks and motorcycles must weigh 8,500 pounds or less. Motor homes are not subject to the weight limit.

Purchases must occur after Feb. 16, 2009, and before Jan. 1, 2010."

[BlueRaven]

Well it doesn't say on my registration that it is a 4 or 2 wheeled vehicle so how could they prove this unless they audit me and come to see "my fuel effecient vehicle". This is not fair because for some ppl this is their only form of transportation in the nice season.

[Snoman13]

Here in Ontario our plates' template is different on bikes than is is cars.

Cars would have ABCD 123 where bikes are 1234A so if someone was vigilant at revenue Canada, there might be an issue.

[BlueRaven]

I should ask my cousin who is an auditor at CCRA. She tells us little tips on tax deductions to see it she anything we can deduct.

[headshrink]

Had I only known, I could have gotten wife to agree to the 650r!