There are many people who live in Canada. Canadian exporters ad importers are many due to this. If you are interested in running a business, it is important that you do that in Canada. You can import or export goods when running a business in Canada. When in Canada, you do not import or export goods the way you want. It is important for a person to know a number of things when he or she decides to carry out importation or exportation in Canada. For you to discover more about the things that you need to know when doing importation or exportation in Canada, read the points below.
A Canadian business number is needed if you want to carry out importation in Canada. Non-Canadians who want to import goods need to have this number. The Canadian government is able to track your transactions and tax you when you have this number. When you get this number, you automatically get an import account. Payroll and income tax deductions are made if your operations need to be taxed when you have this number. To discover more about this number, read here.
Some goods can be imported into Canada while others cannot. There are several restrictions which are set with the type of goods that are imported into Canada. You need to look for the sources of information regarding the goods that can be imported into Canada and the goods that cannot be imported into Canada if you want to discover more about the same. Also, Canadian importers need to discover more about the legislation that governs food importation into Canada. You will know the set restrictions when you know these legislations. You can read here to discover more about the rules that govern goods importation into Canada.
When importing goods into Canada, you need to know their origin. You can import goods into Canada which are produced in a different Country from the one you are a citizen of. If you give the wrong information regarding the origin f your goods, you will be charged with fraud. It can be hard to determine the origin of goods considering that they go through many hands before they reach the final importer. If you do not know the origin of your goods, ask your supplier.
Purchase of local goods is encouraged by a lot of governments. Importation of goods is charged a certain fee due to this. Such still applies in Canada. The amount of money to be paid as fees is depended on the tariff classification and rates of duty. It is possible to circumvent these fees if you produce goods in your home country. Above are some of the things you need to know about Canadian importation.
