2016-12-14 00:00:00 Taxes English Learn how to calculate import duty and tax rates on goods bought in the United States and brought into Canada. https://d1bkf7psx818ah.cloudfront.net/wp-content/uploads/2017/06/08214344/Accountants-film-webinar-about-excise-taxes-in-accounting-office-near-desk-and-backdrop.jpg Estimating Cross-Border Shopping Duty and Excise Taxes

Estimating Cross-Border Shopping Duty and Excise Taxes

0 min read

You may have to pay import duty and excise taxes on the goods that you import into Canada that exceed your personal exemption. To figure out whether it is worthwhile to do some cross-border shopping and buy goods from the United States and other countries, you can estimate your taxes and duty ahead of time by using the Canada Border Services Agency’s duty and taxes estimator. You need to indicate your province of residence, the description of the product, the price you paid for it, and the place where it was made – which may be different from the country where you had purchased the product.

References & Resources

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

Related Articles

Three Ways to Export Your Canadian Construction Services to the United States

Exporting your construction services to the United States gives you an opportunity…

Read more

Questions and Answers About Fuel Tax in Saskatchewan

The Fuel Tax Act, 2000 is a tax on importing or purchasing…

Read more

How Does NAFTA Impact Your Small Business?

North American Free Trade Agreement, or NAFTA, removes trade barriers between the…

Read more