Are you sure Allan?
It sounds like this guy did not make any money on the trade in, so why would he have to pay any added taxes.
Lets say the PETE costs $100,000. He got $30,000 for his trade in. He still owes $70,000 on the Pete which he took out a loan to cover.
Is that basically what happened happykanuck?
I know tax laws can and do vary between the US and Canada, but is there that big of difference?
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Finding the right trucking company is like finding the right person to marry. I really comes down to finding one whose BS you can put up with and who can put up wih yours.
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