TaxTips.ca
Canadian Tax and
Financial Information
Fuel Efficient Vehicles

Ads keep this website free for you.
TaxTips.ca does not research or endorse any product or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.

Looking for US tax information?
See
USTaxTips.net

Need an accounting, tax or financial advisor? Look in our Directory.  Use above search box to easily find your topic!   Stay Connected with TaxTips.ca!

Home
What's New
Calculators
Personal Tax
Business
Sales Taxes
Free in 30!
Financial Planning
RRSP RRIF TFSA
Real Estate
Stocks Bonds etc.
Seniors
Disabilities
Canada
Alberta
British Columbia
Manitoba
Ontario
Quebec
Saskatchewan
Atlantic Provinces
Territories
Federal Budget
Provincial Budgets
Statistics etc.
Glossary
Site Map
Directory
Advertise With Us
Contact Us/About Us
Links & Resources



Sales Taxes   ->   Provincial Sales Tax -> 
    Financial Planning   ->   Save Money -> Fuel Efficient Vehicles - Rebates and Incentives

Rebates for Fuel Efficient Vehicles

The federal government and some provinces provide rebates when fuel efficient vehicles, hybrid vehicles, or alternative fuel vehicles are purchased.  See the following links:

Federal iZEV Program

The federal incentive program for zero-emission vehicles (ZEVs) will provide incentives of up to $5,000 for consumers who buy or lease an eligible ZEV.  The program went into effect May 1, 2019.

The 2019 federal budget also included a 100% write-off for zero-emission vehicles for businesses, which is only available if no federal incentive is received for the vehicle purchase.

British Columbia Rebates for Fuel-Efficient Vehicles

The Province of BC offers incentives for the purchase or lease of a new battery electric, plug-in hybrid electric vehicle, or hydrogen fuel cell vehicle, as well as rebates for electric vehicle (EV) charging stations.

See Government of BC Clean Energy Vehicles for BC website.  The CleanBC / Go Electric BC website provides a list of electric vehicles in BC that are eligible for a combination of provincial and federal rebates, which are applied to the price of the car by the dealer at the time of purchase/lease.

The BC incentives are available until March 31, 2020, or until available funding is depleted, whichever comes first.

BC Hydro also has rebates for (EV) chargers for single-family homes, condos and apartments, and workplace organizations.

In BC there is also a carbon tax on fuel to encourage fuel conservation.  See BC Ministry of Finance on Carbon Tax.

Ontario Rebates for Fuel-Efficient Vehicles

In 2018, Ontario cancelled the cap and trade program, which funded the Electric and Hydrogen Vehicle Incentive Program and the Electric Vehicle Charging Incentive Programs.  These programs were cancelled.  See the Ontario Government information Ministry of Transportation website.

Quebec Rebates for Fuel-Efficient Vehicles

The "Roulex vert" rebate for an all-electric or a plug-in hybrid vehicle is either $4,000 or $8,000, and for a non-plug-in hybrid vehicle is $500.  Rebates are available for the purchase and installation of a 240 volt charging station at your home, or for the installation of charging stations at a place of work or for a multi-unit building.  There are also rebates for eligible used all-electric vehicles.  See the Government of Quebec Discover Electric Vehicles website for more information, including lists of eligible vehicles, and information on electric vehicles and charging stations.

The Quebec rebates are available for vehicles purchased by December 31, 2020 or until available funds are exhausted, whichever happens first.

Canadian Excise Tax on Fuel-Inefficient Vehicles

To encourage Canadians to make eco-friendly consumer choices, the Government of Canada adopted an excise tax (or green levy) on fuel-inefficient vehicles.  See Canada Revenue Agency publication ETSL64 Excise Tax on Fuel-Inefficient Vehicles.  There is a list of vehicles and their applicable excise tax for each year after 2006.  For 2018, the highest tax was $4,000 per vehicle, but the majority of vehicles have no tax.

Which Vehicles are Fuel-Efficient?

Natural Resources Canada has information on the Most Fuel-Efficient Vehicles.  Even if you don't get a rebate, you can save money on gas!

Check out all of our ideas for saving money and building wealth!

Tax Tip:  Even if you don't get a rebate, you may be able to save a lot using a fuel-efficient vehicle!

Revised: October 06, 2019

 

Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved.  See Reproduction of information from TaxTips.ca

Facebook  | Twitter  |  Monthly Newsletter Sign-up  What’s New E-mail Notification RSS News Feed
The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage. 
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.