Disclaimer: This is intended to provide information respecting the Harmonized Sales Tax and the Tangible Personal Property Tax on the Purchase and/or Acquisition of boats and aircraft under the Harmonized Sales Tax Act (the Act). This should not be regarded as a replacement of the laws, regulations or administrative documents to which it refers.
In New Brunswick, a tax of 15% is applied to all boats and aircraft. This tax may be either the Federal Harmonized Sales Tax (HST) or the Tangible Personal Property Tax (TPPT) depending upon the nature of the transaction by which an individual purchases and/or acquires a boat or aircraft.