Trade News

The CSCB partner, TwoGreySuits, through which we offer online HR consultation service to our member firms ( more info), has prepared a summary of Bill 148 pertaining to changes to the Ontario Employment Standards Act (ESA). TwoGreySuits will be giving a free webinar on January 24, 2018 at 10 am…

Sometimes you might disagree with your tax assessment from the Canada Revenue Agency (CRA). It may be because you think it’s wrong, you noticed information is missing, or you were assessed by the CRA because you didn’t respond to a notice to complete a tax return. Often, the easiest way to resolve…

Canada's softwood lumber industry suffered another blow Thursday when the U.S. International Trade Commission unanimously voted that American producers have been harmed by imports of subsidized Canadian lumber. In a 4-0 vote, the agency sided with the U.S. lumber coalition, which complained that…

After a four-month slump, exports finally rebounded in October, up 2.7%. Imports were down 1.6%. As a result, Canada’s merchandise trade deficit with the world was $1.5 billion in October, narrowing from $3.4 billion in September. Export volumes increased by 1.2% on the month. Year-over-year nominal…

As we approach the end of 2017, let’s take stock of the Country Risk Quarterly’s (CRQ) country risk rating changes over the last twelve months. First a refresher: the CRQ covers 100 countries, with each country being assigned three risk ratings measuring different types of country risk. In a global…

As we head into the holiday season, small business optimism in Canada is showing signs of improvement, according to the latest Business Barometer® survey, released by the Canadian Federation of Independent Business (CFIB). Following a small gain in October, the monthly index measuring small business…

IN THE MATTER OF an appeal heard on November 9, 2017, pursuant to subsection 67(1) of the Customs Act, R.S.C., 1985, c. 1 (2nd Supp.); AND IN THE MATTER OF a decision of the President of the Canada Border Services, dated March 14, 2017, with respect to a request for re-determination pursuant to…

IN THE MATTER OF an appeal heard on July 11, 2017, pursuant to section 67 of the Customs Act, R.S.C., 1985, c. 1 (2nd Supp.); AND IN THE MATTER OF a decision of the President of the Canada Border Services Agency, dated October 21, 2016, with respect to a request for re-determination pursuant to…

The annual interest rate for the first quarter of 2018 (January 1st, 2018- March 31st, 2018) will be 0.9783.

Accounts Receivable Ledger Bulletin #40 Issue: Outstanding account balances for transactions filed by Icecorp Logistics must be paid by the importer. Resolution / Action Required: The Canada Border Services Agency (CBSA) is aware that many importers may be impacted by the sudden closure of Icecorp…

Please be advised that the DN scheduled to be issued on December 6, 2017, is late and will be issued as soon as possible. We apologize for any inconvenience caused by this delay and thank you for your understanding.

Scheduled Maintenance Outages for 2018 Electronic Data Interchange (EDI) and eManifest Portal clients of the Canada Border Services Agency (CBSA) are advised that they can expect scheduled maintenance outages on the following weekends, generally in the early morning: January 20/21 February 17/18…

Boom! Canada hit 4.5% growth in the second quarter after a torrid 3.7% expansion in Q1. Sounds like growth in India, not a sleepy advanced economy. As a result, Canada’s deficit is lower than expected and the government announced additional spending. So is it time to stop worrying and pop the…

Canada and the United States would fall back upon a decades-old bilateral free trade agreement should current renegotiations of the North American Free Trade Agreement collapse, Canada’s chief negotiator told MPs ...— adding it likely would require “a presidential proclamation” to bring the…

On December 5, 2017, the Canada Border Services Agency (CBSA), pursuant to paragraph 41(1)(b) of the Special Import Measures Act (SIMA), made a final determination of dumping in respect of certain carbon and alloy steel line pipe originating in or exported from the Republic of Korea. The Canadian…

Don't miss the CSCB webinar on the CBSA's new ARL payments policy and the proposed credit re-allocation procedures. Led by Marc Séguin, Director, Revenue Accounting and Reporting Division, CBSA, the webinar will be hosted this Thursday, December 7 at 1:00 to 2:30 pm ET. Additionally, Tracy McLean of…

[On December 4, 2017,] the Canada Border Services Agency (CBSA) initiated a re-investigation to update the normal values and export prices respecting certain concrete reinforcing bar (rebar) originating in or exported from the People’s Republic of China (China), the Republic of Korea and the…

Prime Minister Justin Trudeau concluded talks with the Chinese premier in Beijing, but they were not able to announce the start of formal free trade talks. Trudeau said there wasn't one particular issue that held up the talks, but he wants a progressive trade deal that includes addressing issues…

Donald Trump promised to govern for America's forgotten men and women; yet he promoted a tax reform plan on Wednesday that independent analysts say does the exact opposite, transferring tens of billions of dollars in wealth up the income ladder... The U.S.'s currently high corporate taxes would be…