Toronto, Ontario — The time has come. You are one step closer to seeing a Cybertruck in your repair bay. Tesla has officially launched the Cybertruck in Canada and has also confirmed that the electric truck will not be affected by the federal luxury tax.
The federal luxury tax, which was introduced in 2022, is normally applicable to vehicles costing more than $100,000. According to the regulations, the amount taxed is either 10 percent of the taxable value of the vehicle or 20 percent of the amount that the vehicle’s price exceeds the $100,000 threshold, whichever is the lesser amount.
As a result, for the Cybertruck, the 20 percent rule would have applied, meaning that the luxury tax would have added $8,173.20 for the all-wheel drive (AWD) variant and $13,773.20 for the tri-motor variant.
However, Tesla has negotiated the removal of the tax by citing the fact that the vehicle’s weight—4,000 kg—makes it above the weight threshold for the luxury tax.
In Canada, the Cybertruck AWD variant will cost $137,990, while the Cyberbeast will start at $165,990.
