If you deal in imported goods in Canada, you must know that the regulations and norms are pretty strict when it comes to shipments. You must absolutely adhere to the complete set of rules applicable to the selected goods and must pay the duties, taxes, and other charges that are due. In case you don’t want to do all of that, hiring a Customs brokerage firm is a good idea. Below, we are discussing the things that a service like Clearit Customs brokerage can do for your company.
- Know when GST must be paid. In case of exports, GST or Goods and Services Tax is not applicable, and it must be paid for imports. If you don’t understand how all of that works, a Customs broker can help you identify. If you have overpaid GST, they can also help you get a refund by following the due procedure.
- Don’t pay those fines and penalties. Companies that don’t follow the applicable norms for imports might have severe financial and operational consequences that can be avoided by working with a Customs broker. Brokers can keep a tab on the applicable taxes and duties, so that your business is always compliant.
- Find more about NR imports. If you are a non-resident trying to import goods to Canada for commercial gains, a Customs broker will help you understand how the rules work. From ensuring that there are no sunk costs to keeping a check on other aspects like opting for permanent establishment, they can advise on everything.
- Get advice for your business. Most importantly, Customs brokers also double up as consultants and offer advice to businesses that need to understand imports better. If you stick to the overall process of getting cargo to Canada, you will never have to bother about falling in trouble with Customs.
Not all Customs brokerage services are the same, so do your homework and make sure that you call up a few to know as how they work. Thankfully, a lot of the simple things, like getting your cargo from Customs, can be done online, so you don’t have to run to the Customs broker each time. You may also want to check their expertise, which should include advising on various aspects and dealing in all kinds of expensive shipments, including cars. Check online now to find reviews of Customs brokers in Canada.