Becoming a Non-Resident Importer (NRI): Is it time?
Becoming a non-resident importer—or NRI—is something you may want to consider if you or your company reside outside of Canada but want to enjoy the same ease at the border as Canadian importers do.
CBSA Verification Priorities Update: January 2019
Are your goods on it? The Canada Border Services Agency (CBSA) targets specific industries and products for extra attention at the border to ensure importers are compliant with requirements for tariff classification, product valuation and country of origin.
Blockchain, Distributed Ledgers and Data – Oh My!
Technology is king. More and more aspects of our lives are going digital and online. Not surprisingly, the shipping industry is being swept up in the tech wave, too. Have you heard of blockchain? It’s starting to catch on among shipping companies as a way to encrypt, store and transmit data.
Tariff Rate Quotas and Steel Goods
As savvy importers – and current-affairs watchers – know, taxes, tariffs and retaliatory actions are adding significant costs to the import of many products. Not long ago, we ran a blog on steel and aluminum tariffs, so head there for a bit of history. Given the significant cost new U.S. tariffs are adding to steel.
U.S. Steel and Aluminum Surtax
As many Canadian importers know, Canada applies a surtax to many goods of U.S. origin that were previously duty-free, including steel and aluminum. This was done as a countermeasure to the U.S. adding tariffs on many Canadian products in 2018.
CBSA’s latest Targeted Verification Priorities is out. Are your goods on the list?
The Canada Border Services Agency (CBSA) targets specific industries and products for extra attention at the border to ensure importers are compliant with requirements for tariff classification, product valuation and country of origin.
Changes to Canada’s trade remedy system
Canada’s trade remedy system provides a legal way to prevent unfair competition from foreign producers. Recent changes to this system affect regulations under both SIMA (the Special Import Measures Act) and CITT (the Canadian International Trade Tribunal Act) and have implications for Canadian importers and exporters.
GST Direct Payment for Importers - Reduce Your Burden
As a commercial importer, you know all about your obligations to pay GST on the goods you bring into the country.
Maintaining Your Records
Compliance Customs compliance is an essential part of every import business. Being compliant means being aware of – and abiding by – the laws and policies regulating imports and exports. Savvy importers adopt comprehensive company-wide compliance practices and keep on top of regulatory changes to adapt as necessary.
