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.
The Canada Border Services Agency updates its verification targets
The Canada Border Services Agency (CBSA) posted on its website a few additions to the list of goods which are currently subject to its verification priorities. Through verifications the Agency assesses importers' compliance with CBSA administered legislation, determines compliance within industry sectors and assesses.
Oops! Mistakes happen
Have you ever worried that you might have missed something when filling out your customs paperwork? As an importer, you know how important it is to accurately declare your goods and back everything up with the correct documentation.
Company Compliance Programs: An essential part of your business
Because importers… not their brokers, not their suppliers… are ultimately responsible for customs compliance, sound compliance practices need to be woven into the culture of any company that moves goods across the border.
Blockchain technology and the container shipping industry
What is blockchain? Blockchain technology is a computer-based open-source system for undertaking and tracking transactions. With an agreed-to network of interconnected participants, a blockchain eliminates the need for third party oversight traditionally provided by a bank or online tracking portal.
Importing printed material? New potential opportunities!
We all know that different types of goods mean different rates of duty at the border. What’s not as intuitive is understanding the distinction between similar items and knowing what classification category an item belongs to for the purpose of assigning duty.
Heads up! CBSA is serious about compliance.
We all know that an audit – or Trade Compliance Verification – by the Canada Border Services Agency (CBSA) is a looming possibility for anyone involved in cross-border trade. And recently it seems that audits are becoming more frequent.
