Tesla cut the price of the Model 3 in Canada so buyers can get a government tax credit (TSLA)

tesla store germany

  • Tesla Model 3’s are now eligible for a Canadian government tax credit.
  • The company lowered prices in order for the cars to be eligible.
  • The cheapest Model 3 in Canada now runs just over $55,000 inclusive of fees.

Tesla has lowered the price of its Model 3 sedan for Canadian customers in order for the vehicle to be eligible for a government tax credit in the country.

When the incentive program was first announced earlier in April, all Tesla models were above the minimum $55,000 CAD maximum price and therefore could not qualify. That changed Wednesday, when Tesla dropped the price in Canada to $53,700 CAD (plus a $1,300 CAD destination and documentation fee.)

Both the standard range and standard range plus cars are now listed on the government’s eligible vehicles page.

Tesla Canada Tax Credit Model 3

In 2018, Tesla surpassed the limit of vehicles sold for the US government’s similar tax credit. Once the automaker passed 200,000 cars sold, the incentive was halved to $3,750 in January.

More Tesla news: 

  • The family of an Apple engineer is suing Tesla over a deadly autopilot crash
  • One SEC commissioner has some thoughts about Elon Musk’s deal with federal regulators over his Twitter use
  • There were some awkward surprises in Tesla’s latest financial filings
  • Elon Musk says Tesla’s cars will defy the laws of the auto market and become more valuable over time. Experts say he’s probably wrong.

SEE ALSO: A Chinese ride-hailing company is so unhappy with its fleet of 278 Tesla cars that it bought billboards in Times Square to demand refunds

Join the conversation about this story »

NOW WATCH: Elon Musk says Tesla owners could make up to $30,000 a year turning their cars into ‘robotaxis’