Clearit.ca's Blog on Customs Brokerage and News Updates
Resident and Non-Resident Importers: Making Sense of Canadian Duty and Tax
The Canadian market is a prosperous place for importers, be it resident or non-resident importers (NRI). There’s room for large profit and lucrative business opportunities, but depending on your residential stature within Canada, you will be subject to a varying degree of duties and taxes.
The province your business operates in will also impact how you are taxed, as well as the amount of money you make within one fiscal year.
Resident Imp...
More Duty Free Importing on it’s way for Canadian online shoppers
If you’re Canadian that frequently shops online, chances are that you’ve been slapped with a (sometimes unexpected) customs duty and tax bill on your purchase. Well, we have good news for you! Chances are likely that your future orders may not be subject to the same fees.
The ongoing renegotiations for NAFTA will likely bolster some benefits for Canadians. One of these benefits may be the raising of the de minimis threshold. The de min...
Are you taking advantage of Canada’s free trade agreements?
Free trade agreements (FTAs) are made between nations that want to ease the flow of goods between countries by reducing fees and duties. Canada is regularly referred to as an open trade country. Canada has 12 active free trade agreements with the US, Mexico, Israel, South Korea and others, with 8 others currently in negotiations.
As a Canadian business that imports and exports goods, you should be taking advantage of any available active agree...
The benefits of being a non-resident importer
A non-resident importer (NRI) is an individual that ships goods to Canada acting as an importer of record that is not located in Canada and is not a resident of Canada. Being an importer of record means that the individual is liable for customs clearance and compliance with regulations.
In the advent of the internet, foreign companies now have the ability to market their products to Canadians without being established in Canada. Foreign s...
Our First Time Importers Guide for Small Business Owners
Navigating the complexities of international markets may seem like an overwhelming step to take to grow your business, but unlocking a larger market is worth the time and money—if done right.
We’ve put together a quick guide for first time importers to help you get things rolling.
Register your business as an importer
The first step is to get your business licensing and registration in order. This will give you an official Busine...
