Glossary

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Term Definition
G7 Electronic Data Interchange (EDI) Export Reporting

The Group of Seven (G7) nations, Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, agreed to simplify customs processes by harmonizing the trade data used by them. Data sets and standard data electronic messages for electronic data interchange (EDI) were developed so that the export requirements of one G7 country could meet the import requirements of another G7 country.
General Agreement on Tariffs and Trade (GATT)

The General Agreement on Tariffs and Trade (GATT) was an agreement signed by Canada and 22 other countries after the Second World War to liberalize trade and resolve trade differences. By the time it was replaced by the World Trade Organization in 1995, 128 countries had signed the agreement.
General Export Permit (GEP)

A General Export Permit (GEP) provides authorization to export controlled goods included in the Export Control List, to specified locations without the requirement for an individual export permit from Global Affairs Canada.
General Interpretative Rules (GIR)

The General Interpretative Rules (GIR) are the rules governing the classification of all goods in the Harmonized System.
General Preferential Tariff (GPT)

The General Preferential Tariff (GPT) entered into force in 1974. Under this tariff, Canada offered non-reciprocal tariff rates that were less than Most-Favoured-Nation tariff rates for imports from developing countries. This was done on the recommendation of the United Nations to help promote economic growth in those countries.

In 2012, the Government of Canada revisited this commitment and decided to remove 72 countries from having this benefit on January 1, 2015. The affected countries are now considered trade-competitive countries.
General Tariff (GT)

The General Tariff (GT) applies when goods come from a country or territory that is not on the List of Countries and Applicable Tariff Treatments, and do not meet the conditions of another tariff treatment. The rate of customs duty for the general tariff is 35%.
Generally Accepted Accounting Principles (GAAP)

The Generally Accepted Accounting Principles (GAAP) are a framework of standards, and rules used by the accounting community to govern the way financial data is recorded and reported.
Goods and Services Tax (GST)

The Goods and Services Tax (GST) is a 5% federal tax that applies to most goods and services in Canada and to imported goods under section 212 of the Excise Tax Act.
Governor General of Canada

The Governor General of Canada represents the Queen; and is appointed by the Queen on the advice of Canada’s Prime Minister; and acts as the Head of State.
Gross Weight

The gross weight is the weight of the goods including the packaging or the container.
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