Advanced: Canada Customs Valuation

  • DateJune 02, 2021
  • Time1:00 PM EDT
  • Duration1 hour
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About this Webinar

A recent Canadian federal budget announcement has prompted upcoming changes to customs valuation regulations impacting related party transactions. In this webinar, our trade expert will explore the importance of proper valuation from a CBSA perspective. Emphasis will be placed on advanced valuation issues and how to properly treat the value for duty (VFD) declared for:

  • Related party transactions
  • Treatment of assists
  • Royalty and license fees
  • Price reductions
  • Dutiable commissions

Examples will be given to explain the different methods and challenges for determining the proper value of your goods, and consequences of inaccurate valuations. Join us to gain valuable insights, learn where to spot gaps and put best practices into play.

Who Should Attend?

This session is great for Canadian importers and Non-Resident Importers, including import compliance personnel, CFOs, Finance Directors, Financial Controllers, Customs and Logistics Directors who want to know more about the process of determining the customs value of imported goods and how to remain compliant.

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Our experts

Michael Zobin: Director, Global Trade Consulting

Michael is a Director for Global Trade Consulting, of Livingston’s Canadian Consulting group based out of Montreal, Quebec. With over 20 years of industry experience, Michael’s expertise includes duty deferral and drawbacks; Customs Valuation guidance, conducting compliance program reviews, developing compliance procedures, supply-chain optimization, voluntary disclosures, and post-entry reviews.

Michael’s expert knowledge and direction has achieved results for clients that include saving them significant amounts of money in penalties and duties by merging business plans with Customs rules, regulations and administrative policies.

As a recognized expert in Customs and trade compliance, he regularly conducts seminars, and is invited to speak by the Canadian Society of Customs Brokers (CSCB), and in 2015 was invited by the United Nations Conference on Trade and Development (UNCTAD) to deliver a presentation on the Least Developed Country Tariff (LDCT) and its effects on trade between Canada and developing countries.

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