|
STAYED TUNED …
The Department of Finance has issued a new Order in Council (PC 2025-533) amending both the China Surtax Remission Order (2024) and the United States Surtax Remission Order (2025). This amendment introduces new remission pathways and additional special authorization codes that may significantly impact how surtax is applied at time of import.
What Does This Mean for You?
If you are:
- Currently importing goods from the U.S. or China,
- Relying on temporary remission to reduce or eliminate surtax,
- Or have a pending remission application…
You may now be eligible for immediate surtax relief, but only if your goods align with the newly amended schedules.
Key Highlights:
- New Special Authorization Codes (e.g., 25-0466D to 25-0466N) must be used on the Commercial Accounting Declaration (CAD) to claim remission at the time of import.
- Surtax must still be declared even when remission applies—accuracy is critical.
- Pending applications should be reviewed against the amended remission order to determine if they now qualify for automatic relief.
Why This Matters
Misalignment between your goods and the applicable remission schedule could result in:
- Overpayment of surtax
- Missed opportunities for cost recovery
How to Navigate the Changes?
- Align the imported goods to the correct schedule within the order
- Associate the accurate OIC code(s) with the imported goods
- Update your import procedures for compliance
Contact us today. Contact our Canadian regulatory team, if you wish to discuss surtax exposure and remission eligibility as we continue to navigate the changes with Canada Border Services Agency (CBSA).
|
