This issue of PwC’s Canada Customs & International Trade Tax Insight covers the following important trade developments:As a result of many goods exported from Canada having not been reported in accordance with the Customs Act, The Canada Border Services Agency has ramped up its enforcement efforts to deal with export reporting. Significant penalties will be imposed for non-compliance.
13.9m CAD have been pledged over the next five years to enable the Canadian Border Services Agency to enhance the identification processes and increase examination rates of high-risk export shipments.
Bill C-21 creates an export smuggling offence under a section of the Customs Act which currently prohibits import smuggling.
Do not hesitate to contact Mario Seyer, National Indirect Tax leader at
mario.seyer@pwc.com
Michaela Merz 