I just did a quick Google. It's 6.8%, and it's 6% in Florida.
For a $200,000 boat.... What's the exchange rate? Let's say it's 0.8%. That's $160,000 U.S. dollars. With 6.8% tax, that's just over $10,000. A boat owner who buys the same value of boat in Ontario today, paying 13% tax, is about $20,000 U.S. In comparison, buying a boat in Florida at 6% is $9,600 U.S.
You can see my point. There's already a significant saving in taxes for anyone to buy a boat in the U.S., without talking about the luxury tax that's proposed in this current budget.
My question is: What's the incentive for Canadian boat clients to buy a boat in Ontario right now, without the luxury tax, if you think that this tax is going to affect this choice of location in terms of buying a boat? What's the incentive for them to buy a boat right now in Canada?