Shopping Discussion

Think you're getting ripped off with import taxes? So is the government!

  • Last Updated:
  • Jun 25th, 2016 12:00 pm
Tags:
None
[OP]
Temp. Banned
Sep 18, 2012
1355 posts
239 upvotes
ETOBICOKE

Think you're getting ripped off with import taxes? So is the government!

http://www.cbc.ca/news/politics/online- ... -1.3647965

For the PRIVILEGE of having the LOWEST exemption rate in the developed world, we take a $127 million LOSS every year so that we can tax people shopping online from US stores! Why does no other country have such low exemption levels for their citizens?
4 replies
Member
Apr 10, 2017
424 posts
166 upvotes
Toronto
eeeaddict wrote: http://www.cbc.ca/news/politics/online- ... -1.3647965

For the PRIVILEGE of having the LOWEST exemption rate in the developed world, we take a $127 million LOSS every year so that we can tax people shopping online from US stores! Why does no other country have such low exemption levels for their citizens?
Well someone thought that if they forced high duties on things, it would tempt people to buy Canadian and then they went ahead and created free trade agreements with our neighbours and that wiped out our home grown industries. So now we canadians just have to take it up the tailpipe and pony up the dough :-)
Deal Addict
Jul 13, 2007
1052 posts
554 upvotes
Toronto
From their photo caption: "If a Canadian buys something worth more than $20 Cdn from a U.S. website, a federal customs agent will intercept it, open it, delay it, add federal and provincial sales taxes, and, depending on the origin of the merchandise, perhaps pile on some duty charges."

But in the article it says they "can intercept...", which any RFDer knows happens < 50% of the time.
Deal Guru
User avatar
Nov 5, 2001
10819 posts
1351 upvotes
Edmonton
Simple solution, don't just spend your hard earned dollars on overpriced, overtaxed goods in stores here, and don't try and import them either, instead take your hard earned dollars and spend them in another country, along with your vacation budget, some of your real estate budget, etc, etc.

Heck, might as well move your investment money offshore to a tax free haven too so the government can't get their claws into it.
Deal Fanatic
Apr 20, 2011
7747 posts
2706 upvotes
ON
HammerRFDer wrote: From their photo caption: "If a Canadian buys something worth more than $20 Cdn from a U.S. website, a federal customs agent will intercept it, open it, delay it, add federal and provincial sales taxes, and, depending on the origin of the merchandise, perhaps pile on some duty charges."

But in the article it says they "can intercept...", which any RFDer knows happens < 50% of the time.
Because even they know it's not worth their time.
If they actually opened every single one, their losses would likely be even higher!

Top