Affiliate/NCBFAA Webinars
The Proposed "Last Sale" Rule In Canada: What You Need To Know Webinar
NEI approved webinar for 1 CCS/MCS/CES/MES credit.
Are Your Customers Clearing Goods Into Canada? Then This For You
If you help importers or exporters clear goods into Canada, then this session is for you. Canada has proposed the enactment of regulations which would dramatically change the way imported goods are valued. They would require the valuation of goods on the “last sale” in the supply chain causing their export to Canada. This stands in sharp contrast to the American “first sale” rule. This could add significant duty costs for a broad swath of importers and exporters. Its impact will be acutely felt where goods are already subject to high duty rates (e.g., apparel and footwear). Some e-commerce platforms and supply chain methods may require reconsideration.
In A Nutshell
If enacted, the proposed regulations would: (1) require increased duty value declarations; (2) require the payment of increased duty on dutiable goods; (3) put pressure on the profit margins for businesses selling goods into Canada; and/or (4) put pressure on businesses to charge higher prices on imported goods. This is the most significant set of proposed Canadian customs changes in a generation. Canada will accept submissions from stakeholders on the proposed changes until July 26.
