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

CETA on Track for Implementation

The road to the implementation of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) has been quite a long one, but one senior European Union politician is hopeful to see it come into effect according to schedule, sometime in 2017. The hopeful EU politician in question is Bernd Lange, chair of the European Parliament’s trade committee who made his comment while visiting Ottawa and Montreal during a series of meetings...

Transport Preclearance Agreement Set for Spring 2016

What seemed to be a rumour only a few days ago as Prime Minister Trudeau was about to embark on his trip to Washington has now been announced officially: Canada intends to introduce legislation in Spring 2016 to implement the Canada-U.S. Agreement on Land, Rail, Marine and Air Transport Preclearance. At a recent forum hosted by the website Politico and the Canadian American Business Council, Alan Bersin, assistant secretary for international a...

TPP Signed But Not a Done Deal, Yet

The Trans-Pacific Partnership may have been signed by its 12 members last Thursday February 4th but it’s not yet a done deal. As representatives of the partner nations were all smiles for the cameras in New Zealand during the formal signing of one of the world’s largest multinational trade deals, tough negotiations are still ahead on what promises to be a bumpy road towards ratification. New Zealand’s Prime Minister, John Key, qualified ...

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. ...

How To Clear Customs For Commercial Products In Canada

When having goods shipped to Canada, unless shipped by courier, you will require the services of a Customs broker. While it is not mandatory to use a Customs Broker to transact with the Canada Border Services Agency (CBSA), it is highly recommended to do so as even the smallest of errors can lead to heavy penalties. For a small fee, a Customs Broker will ensure that your commercial goods are entering the country legally, are properly documented a...