Canadian Customs Broker Blog | Page 47 | Clearit.ca

CBSA President Recommended Ending Involvement in Border Security Show

The Canada Border Services Agency (CBSA) has been on board for a third season of Border Security: Canada's Front Line since receiving approval from Minister of Public Safety Steven Blaney in January. What wasn't known until recently is that CBSA President Luc Portelance had recommended against continued involvement with the popular National Geographic Channel reality show back in October of last year. This new information has reopened debate abou...

Descartes Systems Group Buys CUSTOMS Info

Ontario-based Descartes Systems Group, a leading developer of logistics software, announced on June 2 that it has acquired the American trade data provider CUSTOMS Info Inc. for 41.5 million USD in cash and shares. Descartes will borrow $20 million of the $36.1 million cash payment; the remaining $5.4 million consists of 416,437 common shares bearing resale restrictions. Assuming CUSTOMS Info meets its 2014 targets, an additional cash earn-out of...

Proper Import Classification and the American First Sale Rule

The U.S. First Sale Rule allows an importer to declare the value of imported goods as the price originally paid to the producer of the goods. This can result in significantly lower customs duties when, as is often the case, the importer has purchased the goods from a middleman. The importer doesn't need to declare the price it paid, but the (undoubtedly lower) price the middleman paid. For the rule to apply, the first sale must be a good faith, a...

Ontario Exports Yet to Respond to Lower Canadian Dollar, Improved U.S. economy

The Canadian dollar has been hovering in the low 90-cent range versus its American counterpart since the beginning of the year, and the U.S. economy is coming off three years of slow-but-steady growth. These facts might be expected to boost Canadian manufacturing exports, around half of which come from Ontario, but they haven't done so yet. After growing by a paltry one percent last year, exports actually dropped by 1.4 percent in March, the late...

Early Warning on New Food Import/Export Regulations

Implementation of the Safe Food for Canadians Act has been somewhat delayed, but January 1st of next year has now been fixed as the date when it will come into full force. The Act, passed after the 2012 XL Foods beef recall, is administered by the Canadian Food Inspection Agency (CFIA) and applies to all foods that are imported, exported, or traded between provinces. Importantly, companies that import food will now be liable for its safety. For ...