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9 Cards in this Set
- Front
- Back
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There is a certain amount of information that the invoice must contain to be acceptable to the CBSA. The CBSA has a form which may substitute a regular invoice.
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However it is not necessary to include the form if the invoice contains all the necessary information.
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What is the B3 form?
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The B3 form is used to provide information on the goods that are imported intoa a format that suits how the CBSA accounts for them
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Foodstuffs in particulare may be subject to special documentation and or inspection requirments.
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What is the Certificate of Origin?
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The Certificate of Origin certifies where goods originate and is used in setting the rate of duty that applies to goods.
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NAFTA
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North American Free Trade Agreement
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What is NAFTA?
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A well known Free Trade Agreement from Canada.
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Where goods are imported that purport to be of North American origin (and therefore duty free), they may require a certificate of origin which certifies that the goods are NAFTA-souced.
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Sales Taxes were covered in CH 2
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Sales taxes that would apply to a domestic transaction cannot be avioded by importing goods. They are simply collected in a different way
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The CBSA collects GST and most PST at the border as goods are imported.
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PST is collected on non-commercial goods for those provinces that have entered into collection agreements with the federal government.
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