Basically, Customs Notices are issued to inform clients about proposed changes to customs procedures. Customs Notice N-15-001 has been published by the Canada Border Services Agency (CBSA) for deleting an obstacle to file import duty refund claims. The Canadian International Trade Tribunal (CITT) has rendered its decision in Appeal No. AP-2012-067, Hudson’s Bay Company v. President of the Canada Border Services Agency, regarding the treatment of rebates made after importation. The CITT governed that a price reduction made after importation is not noticed by the Customs Act if it results from a contract to reduce the price that was in effect during importation. By the transaction value method, the root for a calculation of value for duty is the price paid or payable (PPP) for imported goods. In Customs Act, Paragraph 48(5) (c) addresses descending adjustments to the PPP effected after importation and continues to use in situations where a buyer and seller enter into an agreement to diminish the PPP of goods after those goods have been imported to Canada.
Taiwan: Individual Income Tax Modified
Related Posts
US: Trump Administration invokes century-old law to hit Canada with 50% tariffs
President Donald Trump announced 50% tariffs on approximately USD 20 billion of Canadian imports on 20 July 2026, marking the first use of Section 338 of the Tariff Act of 1930 in nearly a century. The action targets a wide array of
Read More
Brazil, Canada sign agreement on mutual administrative assistance in customs matters
Brazil and Canada held the fifth Brazil-Canada Strategic Partnership Dialogue on 14 July 2026. During the meeting, participants discussed collaboration on trade, investment, mining, energy, science and technology, defence, customs, countering
Read MoreUSMCA: US says constructive discussions with Mexico, Canada yet to produce concessions
The US is making progress in negotiations with Mexico to revise the US-Mexico-Canada Agreement (USMCA), while discussions with Canada have yet to produce the concessions sought by the Trump administration, US Trade Representative Jamieson Greer said
Read More
Canada, France sign competent authority arrangement on MLI arbitration procedures under tax treaty
According to a recent update from the Canadian government, Canada and France have signed a Competent Authority Arrangement establishing the procedures for applying the arbitration provisions under Part VI (Arbitration) of the OECD Multilateral
Read More
Canada, Saudi Arabia begin negotiations on income tax treaty
Canada and Saudi Arabia have launched negotiations on a bilateral income tax treaty, following an announcement by the Canadian Prime Minister's Office on 9 July 2026. This initiative was announced as part of a broader economic strategy to unlock
Read More
Canada initiates pre-2026 budget consultations
Canada's Department of Finance has launched pre-budget consultations on 6 July 2026, inviting Canadians to provide input on the government's spending and policy priorities before the budget is presented this autumn. The government said
Read More