- Canada imposes a 25% surtax on certain imported steel derivative goods effective 26 December 2025, with guidance provided in Customs Notice 25-33.
- A remission order allows relief from the 50% surtax for certain steel goods with no domestic alternatives, provided importers file a claim within two years.
- The measures aim to support domestic steel production, adjust tariff-rate quotas (TRQs), and clarify exemptions for goods in transit, motor vehicle/aircraft manufacturing, casual goods, and specific utility wind towers.
Source Tax News
Latest Posts in "Canada"
- 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
- IMF Urges Canada to Reform Tax System for Growth and Economic Resilience
- British Columbia 2026 Budget Expands PST to Professional Services, Removes Select Exemptions
- Canadian Tax Court Clarifies GST/HST Rebate Eligibility for New Housing Purchases and Resale
