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Message From The Editor Let’s Get Going!
The big excitement this week was that the Budget put forward by the Carney Liberals on November 4th included ending the Luxury Tax on boats that the Trudeau Liberals.
Introduced in in 2021, and that took effect in September of 2022. Consumers saw this as unfair and very expensive. Most boat buyers refused to pay it. The sale of new boats priced above the $250,000 threshold all but stopped and significant job, as well as tax revenue losses, resulted quickly. After a painfully long wait, on November 4th, we got the news that the new Budget would end the Luxury Tax, but it was not clear to me that it would be official until the budget was approved.
On Friday, November 7th, I received an email from Marie-France MacKinnon the Executive Director at NMMA Canada who wrote to make sure that we clarified the news about the Luxury Tax. She wrote, "To be clear, the Luxury Tax on boats is no longer applicable in Canada. The removal of the Luxury Tax does not currently require a vote in the House of Commons." (READ MORE)
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Feature
Recreational Marine Industry Applauds Removal of the Luxury Tax on Boats in Budget 2025  OTTAWA (November 4, 2025)—Canada’s boating industry applauds Budget 2025’s commitment to remove the devastating luxury tax on boats, a failed tax policy that unfairly punished Canadian manufacturers and workers. When the luxury tax was first implemented in September 2022, Canada’s marine industry leaders were quick to point out the impending losses of middle-class jobs, government tax revenues and sales declines. READ MORE |
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Changing Scene
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DAME Design Awards announces 67 nominations from record-breaking field of entries
A total of 146 products originating from manufacturers spanning 37 different countries represents a new high-water mark for the globally recognized competition. Winners will be announced on the first day of the show, 18 November, during the official opening. READ MORE |
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Teledyne Completes Acquisition of TransponderTech from Saab
Teledyne Technologies Incorporated (NYSE: TDY) ("Teledyne") announced on October 31st, the successful completion of the acquisition of the TransponderTech business from Saab AB. The newly acquired business Teledyne FLIR TransponderTech AB will join Teledyne’s Raymarine, FLIR Marine, ChartWorld and Teledyne CARIS brands, broadening the group’s maritime technology solutions. READ MORE |
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Changing Scene
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HanseYachts AG Reports Strong Results and High Demand
HanseYachts AG achieved strong preliminary consolidated results for the period from January to September 2025. Revenue amounted to EUR 105 million, and earnings before interest, taxes, depreciation, and amortization (EBITDA) totaled EUR 4.9 million. The consolidated profit came to EUR 19.2 million, also influenced by restructuring effects. READ MORE |
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Solid State Marine Receives NMMA Innovation Award at IBEX 2025 for New 36V120ah 6TL Battery
Solid State Marine, manufacturer of innovative, high-performance solid-state battery solutions for the maritime market, announced that its paradigm shifting, high-performance solid-state battery, the new 36V120ah 6TL, has been awarded the 2025 International Boat Builders Exhibition & Conference (IBEX) Innovation Award in the Electrical Systems category. READ MORE |
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Registration is Now Open for the 2026 AMI Conference & Expo!  Registration for the leading Marina Conference on February 2-4, 2026, at the Ocean Center, Daytona Beach, FL, is now open! The AMI Conference & Expo is geared specifically toward marina and boatyard owners; operators and managers; as well as dock masters, harbormasters, boat builders and repairers, and industry consultants. READ MORE |
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RAILBLAZA, manufacturer of premium quality, user-friendly electronics, fishing and boating mounting systems and accessories, has announced the launch of its AnchorPoint Phone Holder, an adventure-ready mobile device holder built for the harshest environments. READ MORE
After its project reveal at this year’s Cannes Yachting Festival, Greenline Yachts is announcing that the new 42-foot model will make its world debut at boot in January 2026. Already under construction at the Slovenian shipyard, the Greenline 42 combines higher performance, innovative solar technology, and unprecedented customisation. READ MORE
As the most open expression of the 400 series, the Saxdor 400 GTS takes the hallmarks of its siblings – the performance-driven 400 GTO and the versatile 400 GTC – and reimagines them for boaters seeking a pure, open-air and even more immersive experience. With its fully open deck with a T-top roof, semi-walkaround layout, signature fold-down terraces, and versatile ... READ MORE
