EUCCAN is pleased to see the substantial European investments in the Canadian automotive sector, particularly in the construction of electric battery plants and the sourcing of critical minerals. However, we remain concerned about the luxury tax imposed on the sale and import of vehicles exceeding $100,000. This tax undermines the transparent, stable, and sustainable business environment that European companies and investors rely on in Canada. Moreover, we believe that it goes against the spirit of CETA and the shared objective of Canada and Europe to strengthen economic and commercial ties.
More on our position here