Canada is stringent about the kinds of goods that crosses its border and enters its boundary. It is important to know about a few things before goods are imported in Canada. Some of them are:
- Contact the CRA or the Canada Revenue Agency and get a business number from there for a detailed import and export account. Before bringing products into the country make sure you register for a business number.
- Identification of the goods that you’re planning to import is the next step.
- Decide whether you want to communicate directly with the Canada Border Services Agency (CBSA). You can also hire a licensed customs broker to transact business on your behalf.
- It is not only important to know where the items to be imported are sourced from but where they were manufactured as well. The place of manufacture and the place from where the good is being bought from may or may not be the same. There’re certain goods that aren’t permitted to enter in Canada. Ensure the good you plan to import are allowed to enter Canada.
- Certain goods require extra taxes to be imported. Find out if the good that is being imported is subject to any restrictions.
- In yes, make sure that you know the 10- digit tariff classification number (HS code) for each item to be imported.
- When you are calculating the duties and the various taxes, you have to take into account the currency mentioned in the invoice. It has to be converted to Canadian dollars from the date of shipment.
- You have to ensure that the cargo is reported and declared to the authorities.
- Shipments might be examined on arrival and hence it is crucial to keep away any controversial items.
- Make sure you have a copy of all the documents that you are submitting and keep the receipts very carefully to be produced when necessary.
We’ll cover more points and that too detailed ones in our blog. So, keep watching this space.