Customs and trade implications for 2020 year-end planning
2020 changes to customs regulations and agreements provide opportunity to review supply chain and trade compliance to mitigate risk/cost.
Customs valuation and tax transfer pricing
Companies importing goods into Canada often face duties, tariffs, and other compliance items driven by the imported goods value.
Federal government postpones deadlines for duties and taxes on imports
This change is on top of the announcement from the CBSA on March 19, 2020 which gave importers relief from late accounting penalties.