Quote:
Originally Posted by Cdnrockies
Duty is absolutely part of the equation. Runs 6.1% on non-NA built vehicles.
So the calculation would be US$ purchase price converted to CDN$. Using $50K as the sale price and $1.03 on the conversion it breaks down like this.
$50K USD x 1.03 = $51 500 CDN
DUTY 6.1% = $3141.50
A/C Tax =$100
Green Levy =$1000
(Depends on model)
Subtotal =$55 741.50
PST 9.5% =$5295.44
GST 5.0% =$2787.08
Total CDN $ = $63 824.02
This isn't to say there aren't good deals on importing vehicles from the US, but be aware of how the calculations actually work. By far the best advantage comes from bringing NA made vehicles up with where our dollars are at.
The two sites that you need to deal with are Customs and Transport Canada.
http://www.riv.ca/CostConsiderations.aspx
http://cbsa-asfc.gc.ca/publications/...f5048-eng.html |
This is wrong, the vehicle is assembled in Spartenburg, so there is no duty. There was no green levy on my diesel, so its the same PST and GST as if you bought locally.
Assuming a 50k USD sale price, today it will cost you $50112 if you purchase your forex from
http://www.canadianforex.ca (that's who I used).
So the only addtional fees are a minor forex premium, and RIV fees of $164 (if I remember correctly). Get the dealer to give you a warranty inquiry, program your DRL permanently on (You can do it yourself). Get your car inspected at Canadian Tire (RIV's federal inspection station), and you can have it plated without ever having to visit a local BMW dealer.
Its totally worth it to buy in the US.