MONTHLY NEWSLETTER OF THE MOTOR DEALERS' ASSOCIATION OF ALBERTA
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New Orleans, United States
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New Orleans, United States
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Calgary
International
Auto
and Truck Show
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Mastering change, a key theme from Western Dealers event
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Paul Williams, CADA Chair
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"Our event in Banff this year has been described as the "best ever". The support of our sponsors, the engagement of our dealers and content from our speakers was truly outstanding, and we're very proud of the product that was delivered. We're already making plans for 2025 and expect to deliver yet another epic event." Gerald Wood, MDA President
If there ever were “the good old days” when it was an easy business to sell, finance and service automobiles, those days are well in the rear-view mirror. Delegates heading home from the largest-ever Western Canadian Dealer Summit, which kicked off at Banff Springs Hotel in Alberta, would have left scratching their heads at the pace of change and the fact that it’s coming from all directions.
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AMVIC Inspection Q2 Report
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41 new sale and leasing licensee inspections were completed in Q2.
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Registration is now open for the CADA Summit. Held at the Metro Toronto Convention Centre Feb. 12, 2025, the event features keynotes and panel discussions about the key economic, political and business trends impacting auto retailers. Watch the teaser video and register early as CADA Summit sells out every year!
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CRA Issues New Guidance on Manufacturers Rebates
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On November 21st, Canada Revenue Agency (CRA) issued guidance on the calculation of the Luxury Tax when considering third-party rebates such as those provided by manufacturers to consumers to encourage them to purchase vehicles.
This CRA guidance was issued without prior consultation with CADA or the vehicle manufacturers and comes completely out of the blue to industry and tax experts. The CRA web posting provides no technical insight and is unclear as to how the luxury tax is calculated going forward and perhaps retroactively. CADA shared the CRA information with manufacturers associations last week and we are working with them to clarify this latest approach. CADA is also working with MNP automotive tax experts on this issue.
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Dealer of Excellence Metro Award Presentation
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On November 28, the MDA proudly presented Timothy Beach with the Metro 2024 Alberta Dealer of Excellence award at the Charlesglen Toyota in Calgary, Alberta. Congratulations Tim!
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Canada’s Modern Slavery Act Update
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DEALERS MAY NO LONGER NEED TO REPORT
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Last year Canada introduced new legislation aimed at fighting forced labour and child labour around the world in global supply chains. The Fighting Against Forced Labour and Child Labour in Supply Chains Act, formerly Bill S-211, and referred to as Canada’s Modern Slavery Act came into force on January 1, 2024 and dealers who were required to file a report had until May 31, 2024 to do so or risk facing penalties including fines per offense of up to $250,000, reputational damage and liability for officers and directors.
Based on feedback the government received from CADA and other national associations, Public Safety Canada issued updated guidance regarding reporting under this legislation for next year. One of the more significant changes is that they now state: “Entities solely involved in distributing and selling are not expected to report under the Act. Public Safety Canada will not seek enforcement action in those instances.” This is good news for many dealers who previously had to spend significant time determining if they had reporting obligations under the legislation as it gives greater comfort that businesses that were reporting solely because they engaged in sales or distribution activities won't be subject to enforcement action if they do not report. We note that there may be dealers that still need to report because they are importing goods. The changes to the Guidance do impact the scope of the term importing as well, so that it applies to the true importer of goods (not just limited to the importer of record as it previously was).
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Provincial Sales Information
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An update on provincial sales around Canada.
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Winter Safety and Electrical Source Vehicle Fire Prevention Tips for Your Business
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Canadian winters are known for being notoriously harsh, with extreme cold temperatures, blizzards, heavy snow accumulation, and ice. These conditions can quickly become dangerous, which is why having a storm plan in place saves valuable time and helps prevents loss during severe weather.
While clearing snow from your property can mitigate the risk of injuries and damage, it’s essential to recognize the inherent hazards. And knowing winter driving tips and what to pack in a car emergency kit can help keep you, your staff, and others safe on the road.
To help you protect your business and prevent potential losses this season, Federated Insurance has developed risk management resources covering key topics of a comprehensive winter maintenance protocol:
• Winter Maintenance
• Snow Removal Log
• Winter Driving Safety
Electrical Source Vehicle Fires
As you are more likely to keep vehicles undergoing repairs parked indoors during the winter, it’s also crucial to be aware that vehicles with electrical malfunctions left unattended overnight in repair shops are becoming a more common source of building fires. To learn more on how to prevent electric vehicle fires, please refer to this comprehensive guide on vehicle battery safety and best practices to safeguard against property damage and business interruptions:
• Electrical Source Vehicle Fires
To learn more about Federated, visit www.federated.ca or if you’re a Federated customer, you can contact your Commercial Insurance Specialist with any questions.
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Please join us in welcoming the following new associate member:
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Canada to invest $18.6M in organizations to install L2-L3 EV chargers
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(Courtesy of Canadian Auto Dealer)
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As part of its effort to boost electrification in Canada, the federal government has announced that it will invest $18.6 million in multiple organizations to install more than
1,600 Level 2 and Level 3 electric vehicle chargers in Toronto, Ontario, and across the country.
The news came from Julie Dabrusin, MP for Toronto–Danforth and Parliamentary Secretary to Jonathan Wilkinson, Minister of Energy and Natural Resources. “To support Canadians driving EVs, where they live, work, travel and play, the Government of Canada is helping to build reliable and available charging options.”
Funding was provided through Natural Resources Canada’s Zero Emission Vehicle Infrastructure Program, with NRCan investments having already helped deploy over 41,000 EV.
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MDA Education Foundation Scholarship Presentations
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MDA President Gerald Wood has been busy delivering cheques to MDA Education Foundation recipients across the province.
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We hope you enjoyed this edition of the MDA’s Monthly E-Newsletter.
We appreciate your comments, concerns or feedback.
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