Lately, anyone with any interest in world events, will no doubt have noticed the hysteria across the border as Americans took advantage of the Cash for Clunker’s program to trade in their beaters for a new car. ¬† Up to$4,500 in free money towards a new car was apparently enough to convince 625,000 people that the time was right.

But did you know that right here in Canada we have our very own Cash for Clunkers program?  No?  Well, read on.

If  you are the proud owner of a licensed and insured 1995 or older car (must be in running condition!) you can send that car to the scrap yard, and qualify for a reward!  Rewards depend on the province you live in, but here in Nova Scotia you can either get $300 cash, or a free bike, or 6 months of free transit, or membership in a car sharing program.

Not exactly the same as $4,500, but this is Canada!

The program is really called Retire Your Ride.  Read all about it by going to:

Filed under: Consumer Tax by David Boese No Comments »