Customs Duties

The inception of the North American Free Trade Agreement (NAFTA) saw a substantial reduction in the amount of customs duties paid by Canadian importers. Hand in hand with this reduction, the marketplace saw a major decrease in the numbers of consulting professionals and internal staff dedicated to this area.

As a result, there has been a noticeable 'brain drain' in the field of customs duty. Expert customs duty recovery specialists are few and far between and it's become an area within the commodity tax field that is often overlooked.

This is another area of client's operations where Fairtax can add significant value as Fairtax is fortunate to have one of the very best in the field available for our clients' benefit. Our Consultant has created several major issues and generated hundreds of recoveries for clients in his 20 years in the industry.

In the past, Customs Duty reviews were a significant strain on internal resources as the typical review was labour intensive and was required to be carried out on site. However, due to recent changes at Canada Customs, Fairtax can perform the majority of the review off site, minimizing the imposition on your staff. Canada Customs now provides import information electronically to Fairtax upon authorization by the client. We can now determine materiality and pinpoint areas of particular interest immediately.

Any firm with significant import entries can benefit from a review of their customs duties by Fairtax.