Canada's luxury tax applies to qualifying vehicles priced or valued above $100,000. Learn how the tax affects importers, how to calculate it, and what exemptions and reporting requirements apply.
Importing a vehicle into Canada involves several requirements, from confirming vehicle eligibility and completing U.S. export filings to preparing customs documents, passing inspections, and paying applicable duties and taxes. Learn the eight key steps for importing a vehicle and the current requirements for vehicles purchased in the United States.
Transfer pricing affects how multinational companies price transactions between related entities and can also affect customs valuation for Canadian importers. Learn about Canada's transfer pricing rules, transfer price adjustments, customs corrections, and potential penalties.
CUSMA/USMCA/T-MEC replaced the standardized NAFTA Certificate of Origin with a flexible certification process. Learn what information businesses need to provide, who can certify origin, and what records they must maintain.
Canadian exporters need to understand how the U.S. determines country of origin for goods imported from Canada and Mexico. Learn the differences between Part 102 marking rules, substantial transformation, and USMCA origin requirements.
Did you know that all importers are now responsible for, and required to submit their import declarations for engines, vehicles, vessels, and machines into Canada? Read on to find out everything you need to know on essential compliance, importation declaration requirements and much more.
Canada's Administrative Monetary Penalty System allows CBSA to issue penalties for designated customs and trade violations. Learn who can receive an AMPS penalty, how penalties are assessed, how to appeal an NPA, and how importers can improve customs compliance.
U.S. de minimis rules have changed significantly. Duty-free Section 321 treatment remains suspended, and Entry Type 86 is no longer available. Learn how importers must handle formal and informal entries, postal shipments, applicable duties, and landed costs under the current rules.
Importing a vehicle into the U.S. involves more than the purchase price. Learn about import duties, Section 232 tariffs, customs bonds, compliance costs, shipping, insurance, brokerage fees, and state registration expenses that can affect the total cost.
Importing goods for a trade show requires careful planning and adherence to specific regulations, especially when dealing with cross-border transactions in countries like Canada and the U.S. This article will guide you through the essential steps and provide checklists to ensure a smooth import process for your next trade show.
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