Sunday, October 20, 2019
Mailing Gifts to Canada Without Duties or Taxes
Mailing Gifts to Canada Without Duties or Taxes Sending gifts to Canada by mail can incur taxes and fees, just as mailing things to people in other countries does. When you mail presents and other non-commercial presents to friends or relatives in Canada, consider the rules about duties and taxes before arriving at the shipping retailer of your choice. Exempt Gifts Gifts sent to individuals in Canada are exempt from duties and taxes if: The item is worth less than $60 CAN (Be mindful of exchange rates)The item sent is clearly a personal gift and includes a card or notice indicating that it is a gift Gifts That Are Taxed If the gift is worth more than $60 CAN, the recipient will have to pay applicable duties and sales taxes on the value of the gift over $60 CAN. Also, the $60 gift exemption does not apply to tobacco, alcoholic beverages, or advertising material, nor does it apply toà items sent by a business, company, or association. All of these packages would incur fees upon delivery. Getting Around Gift Taxes Taxes and fees cant simply be avoided by giving the gift to the recipient in person, though the recipient can use a personal exemption for gifts if they transport them. Also, the $60 gift exemption cannot be combined with the regular $20 mail exemption available for all items.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.