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Family Transfer of Used Vehicles - Sworn/Affirmed Statement

 

Transition to the Harmonized Sales Tax (HST)

Effective April 1, 2013, the Province of Prince Edward Island will implement the harmonized sales tax (HST).  HST will replace the current provincial sales tax (PST @ 10%) and the federal Goods and Services Tax (GST @ 5%).

Under HST, the provincial portion will be nine percent (9%) and the federal portion will be five percent (5%) for a combined rate of 14%.  

Please refer to the Canada Revenue Agency website for assistance with the application of HST in Prince Edward Island, or call 1-800-959-5525.

 

Revenue tax must be paid on the purchase or transfer of a motor vehicle.

When there is a private transfer of a motor vehicle, all terrain vehicle, snowmobile or watercraft between family members that meets the conditions of the Revenue Tax Act and Regulations (Section 1.(2.1)), the “fair value” of the motor vehicle is deemed to be the actual purchase price of the transfer.  Revenue tax (PST) owning from the transfer is based on this “fair value”.

The buyer/recipient and the seller/donor must sign and file a Sworn/Affirmed Statement for Family Transfer of Used Motor Vehicle stating the make, model, year of the vehicle and VIN, the date of transfer and the amount of monetary consideration and the relationship between the buyer/recipient and seller/donor.  The form must be witnessed by a “Commissioner of Taking Oaths” and submitted to Taxation and Property Records.

Please note:
This page is prepared for information purposes only, and should not be considered a substitute for the applicable statutes. Should there be any conflict between the contents of this page and the statutes, the statutes shall prevail.

The forms listed below are also available in French on our Formulaires page.


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