CARM: What all importers need to know about CARM

Route Article

Trade implications of the 2017 Federal Budget

The recently announced 2017 Federal Budget includes several measures that will be of interest to importers and exporters. Here are some highlights:

Tariffs eliminated on a broad range of agri-food processing ingredients.
Changes to origin rules to allow more qualifying apparel imports from least developed countries.
Excise taxes & Excise duties are higher than projected, a direct consequence of the delayed implementation of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) and the uncertainty surrounding the Trans-Pacific Partnership (TPP) agreement.
Customs import duties are projected to remain unchanged in 2016–17 and to decrease by $0.5 billion, or 8.5 per cent, in 2017–18.
Elimination of the surtax on domestic tobacco manufacturers.

For more information, contact Brian Rowe, Director – Customs Compliance & Regulatory Affairs.

Did you know that Country of Origin and Country of Export are not the same thing? Country of Origin indicates where your product is made.