- Better Value in Dollar - http://betterdollar.com -
Posted By Bob On November 13, 2007 @ 10:33 am In | 225 Comments
In the most concise form, the personal exemption limits are:
Effective June 1, 2012, the new personal exemption will be as follows.
|Increased traveller personal exemption limits effective June 1, 2012|
|24 hours or more||up to CAN$200||Goods must be in your possession at time of entry to Canada.|
|48 hours or more||up to CAN$800|
|7 days or more||up to CAN$800||Goods may be in your possession at time of entry to Canada but are also permitted to follow entry to Canada (via courier, mail or delivery agency).|
If you bring goods over the exempted value, after being absent from Canada over 48 hours, the value for duty of the goods shall be reduced by an amount equal to that maximum specified value and, in the case of alcoholic beverages and tobacco, the quantity of those goods shall be reduced by the quantity of alcoholic beverages and tobacco up to the maximum quantities allowed.
If you are only absent from Canada less than 48 hours and you bring back goods over $200, you’ll have to pay duty/tax on the full value.
There are many details and exceptions to the personal exemption limits. Please read our article for more details .
None, if you’re out of the country for less than 48 hours. But if you’re willing to pay duty and tax, there’s no limit.
If you have been outside Canada for at least 48 hours and are of legal age, you can bring back only one the following free of duty and tax as part of your personal exemption:
If you’re out of country less then 48 hours, you have to pay the applicable duty and sales tax. Otherwise, you can bring back all or any the following if you’re over the legal age.
You don’t have to pay duties and taxes if your mail ordered item is:
This exemption applies on a per item basis. Items sent to a Canadian as a gift by another person must include a card or notice indicating it is a gift. Clearly identified gifts worth CDN$60 or less are not subject to duties or taxes; however,gifts greater than CDN$60 are subject to duties and taxes. This CDN$60 exemption does not apply to tobacco, alcohol, advertising material, or items sent by a business or association.
This depends on where the cloth were made. If the children’s clothes are not made in US or Mexico, you will need to pay 17% duty plus taxes. Thankfully, you don’t pay PST for children’s clothes. Please read our article on Canadian duty and NAFTA .
USA shopping is a rewarding pastime to Canadians, as long as it’s not all spent at the border crossing. Canadian Border Services Agency offers an up to the minute estimate of the wait time at all border crossings (Canadian side). Check it out before leaving home .
US Customs & Border Protection has a counterpart wait time estimate at the US side. Check it out when returning .
Yahoo Finance has those rates and charts. Find out 3 month CA$ to US$ exchange rate chart here .
Please read our article on US factory outlets .
Yes, you can pay with all major credit cards, i.e. Visa, Mastercard, American Express.
No, there is no limit on the exemption amount regarding border crossing frequency.
Please read our disclaimers for the use of information presented here.
Article printed from Better Value in Dollar: http://betterdollar.com
URL to article: http://betterdollar.com/
URLs in this post:
 our article for more details: http://betterdollar.com/duty-tax/tax-exemptions/
 Canadian duty and NAFTA: http://betterdollar.com/duty-tax/duty/
 mail order: http://betterdollar.com/mailorder/
 Check it out before leaving home: http://www.cbsa-asfc.gc.ca/general/times/menu-e.html
 Check it out when returning: http://apps.cbp.gov/bwt/index.asp
 Find out 3 month CA$ to US$ exchange rate chart here: http://finance.yahoo.com/q/bc?s=CADUSD=X&t=3m
 US factory outlets: http://betterdollar.com/shopping/factory-outlets/
 disclaimers : http://betterdollar.com/about/disclaimers/
 Image: http://www.tumblr.com/share?v=3&u=http%3A%2F%2Fbetterdollar.com%2F&t=FAQ&s=Cross-border%20Shopping%20Guide%20%2F%20FAQ%20for%20Canadians%0D%0AWhat%27s%20the%20personal%20tax%20exemption%20when%20I%20come%20back%20to%20Canada%C2%A0from%20shopping%3F%0D%0AIn%20the%20most%20concise%20form%2C%20the%20personal%20exemption%20limits%C2%A0are%3A%0D%0A%0D%0AEffective%20June%201%2C%202012%2C%20the%20new%20personal%20exemption%20will%20be
 Tweet: https://twitter.com/share
Copyright © 2007 Better Dollar. All rights reserved.