How to Import Goods to Canada and Grow Your Business
Today’s economy is based on commerce. Take a momentary break and pick up any object in your house. You’ll probably see that it’s been produced in another company, probably in China. Global trade fuels the world and, as a result, many countries have become interdependent. Some schools of thought see this as a shortcoming. However, the reality is that trade enables organizations and nations to succeed. Every nation has a competitive advantage. For example, the countries of the Middle East have naturally large oil reserves. As a result, they exploit their natural resources for other technologies and foods.
Trade has benefits at both micro and macro levels. Organizations also benefit from trade because they can import goods from other countries and sell them in their home country. In this way, they can conquer new markets, attract new customers, reduce costs, etc.
Canada imports many goods and services. Statistics show that the country imported $74 billion worth of goods and services in March 2022. This represents an increase of 7.5% over the previous month. If you’re considering importing goods to expand your business, there are a few things you need to know.
WHAT YOU NEED TO KNOW ABOUT IMPORTING GOODS INTO CANADA :
Create a CléGC account
A CléGC account is required to access Canadian government online services. A CléGC includes a user name and password. You must also create security questions. This keeps your data secure and allows you to recover your account. The Canadian government has introduced the CléGC as one of two options to replace the access key service.
Get a business number
You’ll need to register for a Business Number before importing goods into Canada. Obtaining a Business Number allows you to register for an import/export tax account with the CRA.
You’ll also be able to register for HST/GST, corporate income tax and payroll tax accounts.
Get information on the goods you’re importing
You’ll need to know the necessary information about the goods you’re importing. The Canada Border Services Agency has a step-by-step guide to importing that you can follow.
Obtaining an import permit
You’ll need an import/export account before you can import goods. The registration process and licensing requirements are lengthy, as you’ll have to deal with municipal, provincial and federal governments. Because the process is so difficult, many companies turn to outside help. The Canadian Call Centre can help you obtain an import permit by providing expert advice.
Calculating duties and taxes
Importing goods isn’t cheap. You’ll need to calculate duties and taxes. You’ll need to know the tariff classification, duty rates and taxes to be paid on imported goods.
Get a customs broker
Many small businesses often find it easier to partner with a customs broker to import goods. It will cost you more, but will make your life easier. The government has also made it compulsory for certain products. A customs broker will obtain and prepare customs clearance documents, saving you time and resources.
Choose a carrier and obtain a release
The final step is to choose a carrier. The carrier prepares the cargo control document, which is required to declare the shipment to CBSA. Once your imported goods arrive in Canada, you’ll need to obtain a release. This step consists of
CANADIAN CALL CENTRE streamlines the immigration application process. We can also help you with import and export applications. We are Canadian immigration experts who can help you with your immigration needs. Whether you’re looking for a business license application service or a Canadian visitor visa, you can count on Canadia Call Cenre to provide you with the Canadian immigration services you need. We also help international students obtain Canadian study permits. You can also CONTACT US to get started.
About Us
Canadian call centre offers you a wide range of immigration and citizenship services online contact us for more informations.
Customer Service
- +1 (877) 783-0690
- +243 992823412