CARM: What all importers need to know about CARM

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Terminology

G

GST, Goods and Services Tax:

The Goods and Services Tax (GST) is a federal consumption tax in Canada. The tax applies to most goods and services (imported and domestic) payable at a rate of 5.0%.

Quick Tip #58
Be prepared for customs penalties and fines under AMPS

Never assume that the absence of an audit means you will never be audited.  Penalties under AMPS (Administrative Monetary Penalty System) can be applied at the border at time of import (or export) and also post audit.

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