Retailers say they are OK with new trade rules that will allow Canadians to buy more from the United States duty free — because dire alternatives that would have been worse never came to pass. One aspect of the new U.S.-Mexico-Canada Agreement announced over the weekend is an increase in the so-called de minimis threshold for duty-free shopping — the amount that Canadians can buy from a store in the U.S. and import to Canada without having to pay a duty. Under the old rules, Canada’s limit was $20. That’s much less than…
Read MoreTag: De Minimus
Free Trade Talks Could Finally See Canada Raise De Minimis Levels For Duty-Free Online Shopping | CBC News
One concession Canada seems likely to make in the current round of free trade discussions with the U.S. and Mexico is on the level of duties that Canadians must pay when shopping online — and it’s one where Canadian consumers could end up be happy with the result. Known as the de minimis threshold, it’s the level at which consumers have to pay duties and taxes on imported goods, whether through bringing items back on a trip or ordering them online and having them delivered by mail or courier. In the United…
Read More