How are duties calculated? Here's an example.
** items are NOT made in North America in this case
** value is more than $150 CAD, both duties/taxes will be applied
Value of item in USD: $150.00 USD
Converted to CAD (Exchange rate changes every day) : Exchange rate: 1.32
$150.00 USD x 1.32= $198 CAD
Value of item in CAD x Duty rate = Duty amount >> $198 CAD x 17% duty rate = $33.66
$198 CAD + $33.66 = $231.66 CAD
(CAD + Duty amount) x Tax rate = Tax amount >> $231.66 x 13% (personal) = $30.12
- CBSA Duty amount: $33.66
- CBSA Tax amount: $30.12
** You can see estimated duty/tax when you provide item information on the system.
** CBSA Duty and VAT will be assessed based on the value of items imported PER DAY.