The new policy is wished to prevent exporters from devaluing shipments destined to Canada and it was declared in late January 2015. The Canada Border Services Agency (CBSA) has stated that goods destined for a Customs Self-Assessment (CSA) importer are omitted from this new policy. If it finds that an exporter importantly devalued shipments made via the CBSA’s Courier Low Value Shipment (CLVS) program, then the CBSA may seize business goods in the foreign exporter’s name.
Next post
Tax Treaty News: January 2015
»
Tax Treaty News: January 2015
Related Posts
India, Canada to finalise free trade agreement by year-end
March 04, 2026
India and Canada aim to conclude a free trade agreement by the end of 2026, Prime Minister Mark Carney said on 2 March 2026, during his first visit to New Delhi. The deal is intended to restore economic ties after years of diplomatic
Read More
Canada launches consultations to strengthen automotive remission framework
March 04, 2026
Canada’s Department of Finance, in a news release on 27 February 2026, announced that it launched consultations on potential ways to strengthen Canada’s automotive remission framework by further incentivising companies to produce and invest in
Read More
IMF Country Focus Examines Canada’s Internal Barriers to Trade
February 27, 2026
On 27 January 2026 an IMF Country Focus looked at opportunities for Canada to increase growth by removing internal barriers to trade. The Country Focus with the title Canada Can Grow Faster by Unlocking Its Own Market, written by F Diez and Y. Yang,
Read More IMF Report on Canada Recommends Tax Changes
February 26, 2026
On 21 January 2026 the IMF issued a report following consultations with Canada under Article IV of the IMF’s articles of agreement. The report notes that Canada is adjusting the significant trade shock caused by US tariff increases and the limited
Read More Canada joins multilateral agreement on GloBE information exchange (GIR MCAA)
February 18, 2026
The OECD has reported that Canada signed the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA) on 6 February 2025. The agreement is designed to enable the automatic exchange of GloBE Information Returns
Read More
J5 warns OTC crypto desks and processors enable tax evasion, money laundering
February 16, 2026
The Joint Chiefs of Global Tax Enforcement (J5) published two law enforcement advisories on 11 February 2026 that detail how over-the-counter (OTC) cryptocurrency trading desks and cryptocurrency payment processors may be used to obfuscate and move
Read More