importing my engine
#22
Are you sure? With GST at 5%, that $600 in tax would amount to a $12,000 motor. And you're going to try and pass such a motor off as being seized or worth only $100?
With that sort of valuation differential, they will be far more likely to assess the maximum fines on the spot. Oh yes, did I mention that they can do this all without a trial?
It comes down to penny-wise, pound-foolish. GST fees at the border are only 5%. The potential penalties are 200% or more.
#23
He might be thinking third-party brokerage fees, but if you're importing and doing declarations at the border yourself, you are not subject to those fees.
On $3400, you should only be paying $170 in GST.
#26
Free trade refers to import duties. Import duties are different from sales taxes. Auto parts are generally duty-free, but are not tax-free.
Whole vehicles assembled in North America with 40% or more of NA-manufactured parts content can be imported into Canada duty-free, but vehicles that were manufactured outside of NA or with lesser parts content are subject to a 6.1% import duty.
Regardless of where a vehicle is built, you will have to pay $100 excise tax if the vehicle you are importing has air conditioning, but this is not considered an "import duty".
I imported a Mercedes a while back. My fees were as follows: $100 excise tax because it was equipped with an air conditioning, 6.1% import duty because it was manufactured outside NA, plus 5% GST on the combined sum of vehicle purchase price, AC excise tax, and import duty.
Last edited by FiveO; 13-Jan-2009 at 04:27 PM.
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18-May-2008 04:51 PM