Upcoming Changes to HS Codes The World Customs Organization issues changes to the Harmonized Commodity Description and Coding System (HS) every 5 years, with the last update occurring in 2017. The 2022 change to the HS will affect over 900 codes and will require updates by the 200 countries that
Brexit and Canadian Trade Brexit refers to the withdrawal of the United Kingdom from the European Union (EU). It is a play on words, combining Britain and Exit. This means that after leaving the trading bloc, the United Kingdom will no longer benefit from membership in the EU. Once that
Personal Travel Exemptions When traveling outside of Canada, there are limits as to how much you can bring back duty free into the country. There is a misconception that these limits are how much you can bring back. Its actually the amount you can bring without paying tax. Anything above
Canada’s Newest Trade Agreement – CPTPP The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) came into force in Canada on December 30, 2018 after years of negotiations. The CPTPP rose from the ashes of the failed TPP negotiations that collapsed after the withdrawal of the United States of America.
What are Anti-Dumping and Countervailing Duties? The Purpose of Anti-Dumping and Countervailing Duties Anti-dumping and countervailing duties have been hot topics in the news recently with the US President instituting additional duties on imports of steel. Canada's own version of these duties are administered under the Special Import Measures Act
What is the duty on… “What is the duty rate on (insert item here)” is the most common question we get asked, right after “Hi, how are you?” The duty rate can affect the cost of the goods you import and helps determine if it makes sense financially to import