Importing into Canada – Valuation is key to your company’s success
Valuation is a critical component of your business strategy when shipping goods into Canada. Valuation is, essentially, the price of your goods in the eyes of the Canada Border Services Agency (CBSA). The valuation of your goods helps determine your duty and tax calculations at the time of import.
Providing an accurate valuation is the key. Incorrect valuation can lead to incorrect tax calculations, and can have significant impact on your bottom line, including paying retroactive duties and taxes, interest and penalties.
Download our article, “Valuation is key to your company’s success,” to learn more about proper valuation and why it needs to be part of your overall business strategy.