For many U.S. companies selling goods into Canada, the biggest risk to a successful transaction is not tariffs. The real hurdle is logistics and compliance at the border.
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For many U.S. companies selling goods into Canada, the biggest risk to a successful transaction is not tariffs. The real hurdle is logistics and compliance at the border.
Canadian regulators are in the process of changing how to calculated the value for duty (VFD). The VFD is base amount on which duty is accessed. The proposed rules will affect non-resident importers (NRI's).Non resident importers can now import goods using a lower earlier sale price. While Canadian based importers declare a value of actual sale to the Canadian buyer.The consultation period has concluded.
