Proposed amendments to the Valuation for Duty Regulations (SOR/86-792) were published May 27 in Part I of the Canada Gazette (Canada Gazette Part I, Vol. 157, No. 21, 1686). These amendments, which are sponsored by the Canada Border Services Agency (CBSA), would affect how customs value is declared by importers of goods into Canada. The proposed changes were first announced in the federal government’s 2021 budget, and a preliminary consultation was held in June/July 2021.(CBSA, Consultation notice, “Potential regulatory amendments to the Valuation for Duty Regulations” (June 4 to July 4, 2021).
Source PwC
Latest Posts in "Canada"
- CBSA Increases Certain Fees by 25.3% and Applies GST/HST Effective April 2026
- Alberta to Introduce 6% Tax on Passenger Vehicle Rentals Starting January 2027
- Canada Border Services Agency adjusts certain fees for inflation and GST/HST
- Alaska and Montana Consider Statewide Sales Tax Amid Fiscal Pressures and Revenue Diversification Needs
- British Columbia Expands PST to Professional Services in 2026 Budget, Effective October 1
