The Canada Border Services Agency publishes a Memorandum which outlines and explains the treatment of price reductions in determining a transaction value under the Customs Act. The transaction value will become, in most instances, the “value for duty” on which duties and taxes are calculated.

The Memorandum defines various types of price reductions and the circumstances under which they …


 

Beyond its usual function for determining the rate of duty on imported goods, tariff classification is a crucial component of several additional economic purposes.

Canada’s Customs Tariff is based on the Harmonized System, the standardized coding system of names and numbers used in international trade. Over 200 countries representing about 98 percent of world trade use the HS as …