Michaela Merz

Canada: What should you know if you import into Canada

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In brief
On July 6, 2018, the Department of Finance Canada issued a statement outlining the processes and procedures to request a remission of surtaxes on US-origin goods listed in the schedules of the:

These two surtax orders implement a surtax of either 10% or 25% on listed US-origin goods imported into Canada beginning July 1, 2018. The Government of Canada will consider remission requests under specific circumstances that will allow for relief from the payment of surtaxes or a refund of surtaxes already paid.

In brief
On July 6, 2018, the Canada Border Services Agency (CBSA) released its second round of 2018 Trade Compliance Verifications (audit priorities list)

In addition, on June 29, 2018, the Department of Finance Canada released the final list of countermeasures (the final Surtax list) in response to the US tariffs on Canadian steel and aluminum products. Canada began imposing a surtax on certain listed goods of US-origin on July 1, 2018. Goods that are on both the audit priorities list and the final Surtax list are noted in the Appendix in bold.

If your business imports goods listed as an audit priority or certain goods of US-origin, it is very likely to be subject to a CBSA audit. If the audit uncovers instances of non-compliance and results in a negative audit finding, your business may:

have to pay additional duty or surtax

  • be charged punitive interest, and
  • be assessed penalties under the CBSA’s Administrative Monetary Penalty System
  • Importers should be aware that CBSA audits are not limited to the audit priority categories listed in this Tax Insights. The CBSA may conduct random audits on any goods imported into Canada.

Importers should be aware that CBSA audits are not limited to the audit priority categories listed in this Tax Insights. The CBSA may conduct random audits on any goods imported into Canada.

 

Bildquelle: lichtkunst.73 / Pixelio.de

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