The federal government’s proposal to scrap the luxury tax will fan sales and job growth at Bombardier Inc., says the business jet maker’s chief executive Éric Martel.
The 10 percent tax on its multimillion-dollar planes was stifling more than a half-dozen sales per year, he told analysts on a conference call Thursday.
“It was a major setback for us in the Canadian market,” Martel said, stating that domestic deliveries were down to two to three a year since the levy took effect in September 2022.
“I have a lot of customers that I’ve been talking to that say, ‘I’m not going to place an order and buy a plane until this tax (isn’t) there.’…