COST CALCULATIONS
Just follow these simple steps:
1) Convert your cost into Canadian Dollars
at the exchange rate on the date of shipment.
(REQUEST EXCHANGE RATE)
2) You now have your "Value for Duty" (VFD).
3) Locate the "Harmonized Tariff" number for the product.
(We can assist you with this - phone, fax or email us!)
4) Get the correct rate of duty.
(We can help also you with this by phone, fax or email!)
5) Multiply the VFD by the duty rate
to get the amount of duty payable.
6) Add the duty to the VFD to get the "Duty-paid Value" (DPV).
7) Multiply the DPV by 7% to obtain the actual GST
(Goods and Services Tax) payable.
8) VFD + DUTY + GST = Duty- and Tax-paid Value (DTXPV).
9) Add the following costs to the DTXPV:
10) Documentation, Handling and Terminal Charges
quoted by the Carrier or Forwarder.
11) Delivery charges from Warehouse to Destination.
YOU HAVE NOW CALCULATED YOUR
TOTAL "LANDED COST"!
CUSTOMS BROKERS CANADA can assist you
with certain aspects of your Import Cost Calculations.
Please send us an E-mail with the names
of your Freight Forwarders, their Canadian Agents
and a few other shipment details, such as: description,
weight and value of the product, shipping method etc.
and we will obtain details on the costs in Canada for you!
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Last update 2000-06-11
