It’s Happening: Time to Register for the Luxury Tax

After several years of negotiations and delays, the Canadian Luxury Tax will come into force on September 1, 2022. If you sell or import goods that will be subject to the luxury tax for your business, you will be required to register with the CRA under the Select Luxury Items Tax Act. Once registered, a…

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CARM Update…

In May 2021, CARM Release 1 went live and it was announced that Release 2 was scheduled for May 2022. Importers were advised that they had one year to change over to the CARM system fully, and customs brokers began preparing to help their clients transition and secure surety bonds. Seminars were held, blogs were…

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Russia

“Canada continues to condemn Russia’s brutal and illegal invasion of Ukraine in the strongest possible terms. Canada will continue to support Ukraine’s economic resilience and stand in solidarity with the people of Ukraine, who are fighting for their lives, their sovereignty, and for democracy.” – Department of Finance Canada, May 8 2022 In response to…

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Luxury Tax Update

Last year we posted a guide to the proposed luxury tax that was introduced by the federal Liberal government in the 2021 budget. The original date of implementation was set to be January 1, 2022. As you may have noticed, January 1 has come and gone and the new tax is still not in effect….

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