Some above-board strategies to keep more of your money in your own damn pocket
If you’ve done any amount of online shopping on sites beyond our borders, you might be familiar with this scenario: Your package has arrived on your doorstep , but before the delivery driver will hand over your eagerly anticipated item, you’re being asked to pay what feels like an astronomical sum. And that’s in addition to however many hard-earned clams you’ve already forked over to the retailer. You, my friend, have just been Duties-and-Taxed.
Sometimes I haven’t had to pay customs and duties—why is that? The most obvious reason is that what you’ve ordered is shipping from within Canada, so there’s no need for an import charge. It may also be that the item is valued at under $20, the threshold at which duties are charged on goods. Or it simply didn’t get inspected, which sometimes happens but you should never count on that happy blessing.
OK, fine. Are there any strategies to reduce the amount of customs and duties I have to pay? Yes! And they’re all perfectly above board. Nerd alert: We’re about to get deep into the world of trade treaties. Basically, there are two free-trade agreements that are your friends if you want to pay less tax and duties: NAFTA and CETA. NAFTA means that you won’t pay import duties on goods that were made in the USA and are coming directly from there into Canada.
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