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Retailers say they’re OK with new commerce guidelines that may permit Canadians to purchase extra from the USA obligation free — as a result of dire alternate options that might have been worse by no means got here to move.

One side of the new U.S.-Mexico-Canada Settlement introduced over the weekend is a rise within the so-called de minimis threshold for duty-free purchasing — the quantity that Canadians should buy from a retailer within the U.S. and import to Canada with out having to pay an obligation.

Below the outdated guidelines, Canada’s restrict was $ 20. That is a lot lower than what the U.S. permits, a discrepancy that American commerce officers have been pressuring Canada to repair. Mexico agreed to lift its restrict to $ 100 US from $ 50 beforehand, when officers  agreed to their portion of the free commerce deal in August.

Canada seems to have made an identical transfer, elevating the de minimis threshold for duty-free purchases to $ 150.

In a single sense that is unhealthy information for Canadian retailers, as a result of it means Canadians should buy extra from U.S. retailers over the web, earlier than being dinged with duties. However as economist Derek Burleton at Toronto-Dominion Financial institution put it, “it might have been worse.” 

On condition that some had been lobbying for Canada’s degree to be set exponentially increased than that, the Retail Council of Canada mentioned Monday that they are going to take it.

“That is a reasonably large coup for our negotiation crew,” mentioned Karl Littler, the senior vice-president of public affairs with the Retail Council of Canada, which represents 45,000 Canadian shops. “De minimis was the large one for us, and it has landed considerably higher than we had feared on the outset.”

Way more essential than the brand new duty-free limits, Littler says, are the thresholds at which gross sales taxes will probably be levied. Below the outdated guidelines, $ 20 was the restrict for each — that means you could possibly purchase one thing from the U.S. for as much as $ 20 and never pay any gross sales tax in any respect on the acquisition, one thing that gave U.S. retailers a clearly unfair benefit.

The brand new guidelines will see these two figures decoupled from one another, and the tax threshold will rise to $ 40.

“We care far more in regards to the $ 40 quantity than we do in regards to the $ 150 quantity,” Littler mentioned. That is as a result of whereas the idea of duties create a variety of nervousness, in actuality they’re pretty minimal when in comparison with gross sales taxes, averaging about two per cent in keeping with Littler’s calculations — though they are often increased than that for some sorts of merchandise.

Official knowledge reveals Canada collected $ 5.5 billion in duties final yr, a determine that’s dwarfed by the tons of of billions that Canadian retailers bought final yr. A two per cent obligation is unlikely to maneuver the needle on a buying determination an excessive amount of, however the identical cannot be mentioned about taxes, the place it might probably add as much as 15 per cent to a purchase order value, in some provinces, Littler says.

Put one other manner, underneath the brand new guidelines, when somebody in Canada buys one thing on-line from the U.S. costing $ 149, they’re going to be spared an obligation that probably would have value them $ three. However they’re going to need to pay $ 22.35 in taxes in the event that they stay in a province with a 15 per cent tax price, as is the case in all of Atlantic Canada. In Ontario, the tax can be $ 19.37. In B.C., it might be $ 17.88.

They’d pay these taxes in Canada too, however the tax-free threshold provides U.S. retailers a leg up. And that hole simply acquired a little bit wider.

It is one thing economist Brett Home at Scotiabank has been banging a drum about for greater than a yr, which is why he lamented the missed alternative to decrease the tax threshold even when Canada was certain to be compelled to increase its duty-free degree.

“If it’s important to select, push the [de minimis threshold] on duties up increased … however then push the gross sales tax threshold down,” he mentioned. “Each time you push it up you’re making the enjoying subject much less degree for retailers.”

Splitting the duty-free restrict from the taxation restrict is a good thought in precept, and Home says the ultimate numbers the perimeters agreed upon was probably a concession on another elements of the settlement.

“If it acquired us one thing elsewhere, we’ll by no means actually know, however perhaps it was a helpful concession,” he mentioned.

Canadian retailers need identical deal

Whereas the retailing group says the deal might have been worse, one of many greatest retailers in Canada desires the federal government to lengthen the benefit they’ve simply bestowed on overseas retailers to home ones, by exempting them from import duties as much as $ 150, too.

Canadian Tire says they’re all for decrease costs for shoppers, however the brand new guidelines make it inconceivable for them to promote the very same merchandise at the very same value as a overseas retailer can. (Jonathan Hayward/Canadian Press)

“We’re additionally very a lot for diminished prices for shoppers,” Canadian Tire spokesperson Andrea van Vugt mentioned Monday, “however they’ve simply incentivized Canadian shoppers to buy at overseas retailers.”

That is as a result of when Canadian Tire imports merchandise from areas outdoors North America, the retailer should pay myriad import duties — prices that get rolled into the retail value.

Canadian Tire additionally has to cost gross sales taxes on all the pieces, however underneath the brand new guidelines, “we will not promote the very same product for the very same value in Canada.”

That’s the reason the retailer hopes the federal authorities will think about granting them the identical degree of obligation exemptions that they’ve simply granted overseas retailers.

“It is best to actually be levelling the enjoying subject right here,” van Vugt mentioned.

It’s a well-known fact that traveling to western countries for greener pastures is the dream of so many people. But the problem is that people go about it the wrong way. Some people have gone to the extent of paying dubious agents as much as six thousand dollars to secure Canadian visa for them whereas they should have availed themselves of the so many programs offered by the Canadian Government to help people from developing countries enter Canada and work legally.

One of them is by securing employment and work permit. There are so many companies in Canada who are willing to hire foreigners to work for them. You send your curriculum vitae (c.v) or resume to the company when they have job openings. You can apply online on their website,e-mail your resume, fax or mail it directly to their office in Canada. If you are lucky to be selected the company issues jy’n letter of the work and with it you can go to the Canadian Embassy/high Commission to secure your visa and work permit stress free. The embassy will give you visa and allow you to travel and stay in Canada legally because the company must confer with human resources and skills development centre (H. R. S. D. C) Canada and they must have instructed the embassy to honour your visa application. With this there is no fear of your visa be rejected. Or you indispensable professional in any field, a graduate or selfs’n school certificate holder or that you are skilled in a particular area, for example information technology, nursing, pipeline welding, etc., or maybe you has a wonderful work experience. You might be happy to apply vir’n work and be considered, and jy’n travel to Canada stress free. There’s a working holiday programs, etc. in Canada which is also useful.

There is this wonderful program that enables people from developing countries immigrate to Canada with their permanent residency card (PR CARD) right from their country. Thousands of people have traveled to Canada successfully through this program, and it is offered every year. As long As you went to secondary school and know how to speak English or French you are qualified to apply for this program. Some thriving communities in Canada like Quebec, Manitoba etc, also nominate people to come to their city to live and work, but you first of all have to leer’n application with them and wait to be considered. Once you are considered you are 100% sure of moving to Canada legally even with your family. Not only that you can kry’n very good job and not depend on foreign work, because your travel documents (e.g the work permit) is okay.

CANADA is one of the most economically viable countries in which to live. Travel or immigration to Canada to live and work can be as simple as ABC if one is actually guided on the right steps to take.

“I’ll How long Live ? and other useful online retirement calculators

How much money do you need to retire? Forget taking your calculator. Turn to your computer, tablet or smartphone instead. Expect as we enter 2016, a growing number of online tools, applications and websites can help Canadians to retire with a & amp; nbsp; …
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