Ryan Talks Tax | Episode 23 | Major Customs Changes on the Way Ryan Talks Tax

The Ryan Talks Tax Podcast is designed to keep you up to date on the latest developments in Canadian tax and government funding initiatives. Listen to our experts discuss emerging issues, significant legislative changes, and recent government announcements.

In Episode 23, Maureen Gilfoy and Sebastian Drozdziewicz join us to discuss a couple of major Canadian customs duty changes on the way. Our guests explain the rationale behind the recent Canada Border Services Agency (CBSA) decision to introduce new rules for the valuation of certain imports and provide their insight on the potential impact of this change on both non-resident and Canadian importers.

We also review the current state of the CBSA’s CARM project, which aims to modernize Canada’s import duty collection and payment process, while examining key concerns for importers and their consultants as full implementation of the new system draws near.

We end our conversation with an important reminder about the availability of duty drawbacks and how they can benefit importers.