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.
2016-12-14 00:00:002016-12-14 00:00:00https://quickbooks.intuit.com/ca/resources/taxes/cross-border-duty-excise-taxesTaxesEnglishLearn how to calculate import duty and tax rates on goods bought in the United States and brought into Canada.https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2017/06/Accountants-film-webinar-about-excise-taxes-in-accounting-office-near-desk-and-backdrop.jpgEstimating Cross-Border Shopping Duty and Excise Taxes
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