As announced in Budget 2007, the value of goods that may be imported duty- and tax-free by returning Canadian residents after a 48-hour absence will double from $200 to $400.
This change will take effect on March 20, 2007.
Increasing the 48-hour exemption to $400 will make it more convenient for travellers returning to Canada and will reduce the amount of processing at the border.
The dollar limits that apply to duty and tax exemptions for 24-hour and 7-day absences will remain unchanged at $50 and $750 respectively. Volume and quantity limits on alcohol and tobacco products also remain unchanged.
The CBSA’s Web site and its relevant publications will be updated to reflect this change as soon as possible.
