Veloo
07-07-2020, 10:10 AM
Got this email today from Cross Border Pickups.
For the Canucks.
On July 1st, 2020, the new USMCA came into full effect.
The biggest impact to our services and customers is the change in the de minimus threshold for personal imports into Canada from the US. Now, the threshold for duty free and tax free will be separated.
Under the old NAFTA, the previous threshold was:
No Duty on imports below $20 CAD regardless of country of origin
No Duty on imports made in North America, however, GST/HST was applicable
GST/HST applied on imports* above $20 CAD
Thresholds under the new USMCA:
No Duty on imports below $150 CAD regardless of country of origin
No Duty on imports made in North America
No Tax on imports below $40 CAD regardless of country of origin
GST/HST applies on imports above $40 CAD
What does this mean for you?
Pay less government surcharges on most imports totalling less than $150 CAD. Changes have already been made to our system to automatically calculate this.
Examples:
A shirt purchased for $50 USD*
Previous NAFTA: Duties and Taxes for Ontario customers would be approximately $22.50 CAD**
New USMCA: Duties and Taxes for Ontario customers would be approximately $8.78 CAD
Savings of $13.72 CAD!
Headphones purchased for $25 USD*
Previous NAFTA: Duties and Taxes for Ontario customers would be approximately $4.39 CAD**
New USMCA: No Duty and Taxes
Savings of $4.39 CAD!
For the Canucks.
On July 1st, 2020, the new USMCA came into full effect.
The biggest impact to our services and customers is the change in the de minimus threshold for personal imports into Canada from the US. Now, the threshold for duty free and tax free will be separated.
Under the old NAFTA, the previous threshold was:
No Duty on imports below $20 CAD regardless of country of origin
No Duty on imports made in North America, however, GST/HST was applicable
GST/HST applied on imports* above $20 CAD
Thresholds under the new USMCA:
No Duty on imports below $150 CAD regardless of country of origin
No Duty on imports made in North America
No Tax on imports below $40 CAD regardless of country of origin
GST/HST applies on imports above $40 CAD
What does this mean for you?
Pay less government surcharges on most imports totalling less than $150 CAD. Changes have already been made to our system to automatically calculate this.
Examples:
A shirt purchased for $50 USD*
Previous NAFTA: Duties and Taxes for Ontario customers would be approximately $22.50 CAD**
New USMCA: Duties and Taxes for Ontario customers would be approximately $8.78 CAD
Savings of $13.72 CAD!
Headphones purchased for $25 USD*
Previous NAFTA: Duties and Taxes for Ontario customers would be approximately $4.39 CAD**
New USMCA: No Duty and Taxes
Savings of $4.39 CAD!