Valuation of goods: know what's included to ensure accurate reporting
The reality of being audited as an importer is not one to dismiss or think only happens to “other importers.” In the event you are audited by CBSA, are you aware of everything that is included in the valuation of your goods? If not, you may not be reporting additional costs accurately.
CBSA Verification Priorities: July 2022
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.
Is your import business at risk? How to tell (and what to do about it)
What kinds of risks are there? We recently covered the opportunities available for importers. Now it’s time to dig into the potential risks. Risks in import businesses fall into four categories:
Importing wood products 101
Wood products like timber, cork, wallpaper, and books account for 14% of U.S. imports from Canada. Canada is the United State’s main supplier of wood.
Getting comfortable with Single Window Initiative (SWI)
SWI (Single Window Initiative) has changed the way importers in Canada submit their information to CBSA. Our Survival Guide series digs into the PGAs (participating government agencies) and the requirements for specific programs—but here’s a refresher on all things SWI.
Valuation of goods for Non-Resident Importers (NRIs)
Valuation of goods is a snarly topic at the best of times. It’s challenging territory to navigate and worth reading more about.
Canada’s Free Trade Agreements: getting the most out of global trade
Canada partners with the international trade community through several types of trade and investment agreements.
Explainer: What is the difference between a refund and a drawback?
At Cole International, we believe that the more you know, the better your goods will go. Our Explainer posts provide valuable information you should know before you make your next move. We understand that the logistics industry involves complex processes, regulations, and definitions that can be overwhelming to.
Impact of the Work From Home (WFH) movement
One of the most sweeping global shifts since early 2020 has been the rise of the Work From Home (WFH) movement. Importers, logistics professionals, and border agencies alike are working from home offices or kitchen tables--many of us surrounded by family pets and remote-schooling children.
