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meangradin
Joined: 10 Mar 2006
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 Posted: Thu May 30, 2013 9:11 pm Post subject: question about duty charges |
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| I bought my mom a nice watch (over 2 million) for her birthday. Do I have to pay duty on it when I go to Canada? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Thu May 30, 2013 9:28 pm Post subject: Re: question about duty charges |
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| meangradin wrote: |
| I bought my mom a nice watch (over 2 million) for her birthday. Do I have to pay duty on it when I go to Canada? |
How long have you been away from Canada?
If you have been out for MORE THAN 1 year you have an exemption of $10,000 IF you are moving back AND the item has been in your possession for more than 6 months. The 6 months is waived if you have been out for more than 5 years.
http://www.cbsa-asfc.gc.ca/publications/pub/bsf5087-eng.html
If you are NOT moving back OR have been away for less than 1 year then your duty free exemption is $800. You pay duty on the amount above your duty free allowance.
Gifts of more than $60 are dutiable on the excess and/or subject to GST/HST/PST.
http://travel.gc.ca/returning/customs/duty-taxes
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