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Clearit.ca's Blog on Customs Brokerage and News Updates

Smarter and Better Border A Priority

It was almost a year ago that the United States and Canada signed a new agreement on managing our long shared border. U.S. Secretary of Homeland Security Jeh Johnson and then Public Safety Minister Steven Blaney signed in March 2015 what is known as the Agreement on Land, Rail, Marine and Air Transport Preclearance, an innovative mutual understanding between the two governments which many anticipated would produce significant benefits for Canada ...

U.S. Importers Could Face Big Fines from Canadian eManifest

As of Monday, January 11, 2016, fines will be levied against any trucker who fails to adhere to requirements set forth by the Canada Border Services Agency through the eManifest program. Statistics between the countries As of now, there are significant amounts of goods being transported from the U.S. to Canada by way of motor carriers. Roughly 54% of cargo was brought into Canada by motor carriers in 2014.These goods were valued at approxim...

The 5 Step Process of Importing a Vehicle into Canada

If you are a Canadian importer, or a U.S. exporter looking to receive or ship vehicles to the Canada, you might be surprised to find out that this process is not as easy as 1-2-3. In fact, it’s a very long and drawn out, multistage process. Transport Canada has a full website jam packed with very important information regarding transportations of any kind, safety, security rules and guidelines too. However, we decided to create a more conden...

SMEs See Need for Reform of Rules of Origin

Small and medium-sized firms often find it is cheaper and easier to pay customs duties, instead of complying with the Rules of Origin (ROO) requirements could give them preferential tariffs under trade agreements. A new report, "Making Free Trade Deals Work for Small Business: A Proposal for Reform of Rules of Origin" was released that outlines a proposal using "presumption of origin" to improve SME access to the FTA preferential tariffs. Dan Ciu...

Bank of Canada’s Interest Rate Cut Affects Importers

According to economists, the recent interest rate cut by the Bank of Canada may not benefit small- and medium-sized businesses as presumed. With the new rate cut, the Canadian dollar also dropped in value and now has the potential to harm a significant number of businesses. When the rate was cut by 25 basis points to 0.5 %, the loonie also dropped more than one cent. This is a six-year low and in American dollars translates to 77.40 cents. ...