How Do I get an import number in Canada
Canada is a country with one of the most liberalized economies in the world. Its rich natural resources, cultural diversity, and robust economic growth make it an attractive destination for businesses looking to expand their operations beyond their borders.
As such, importing goods into Canada can be a lucrative venture. However, to do so legally, you need to obtain an import number. In this article, we will outline eleven steps to help you obtain an import number in Canada.
Step 1: Do You Need an Import Number?
Before you start the process of obtaining an import number, you need to determine whether you need one. While many businesses need an import number, some exceptions exist.
For instance, if you are importing goods valued below CAD 2500, you may not need an import number. Similarly, some goods, such as personal effects, may be exempt from the requirement.
For a full list of exempted goods and circumstances, visit the Canada Border Services Agency (CBSA) website.
Step 2: Register for a Business Number with the Canada Revenue Agency (CRA)
The first step in obtaining an import number is getting a Business Number (BN) with the Canada Revenue Agency (CRA). A BN is a nine-digit number that identifies your business and its dealings with the government.
To register for a BN, visit the CRA website and submit an online application. Alternatively, you can complete Form RC1 (Request for a Business Number) and mail it to the CRA.
Step 3: Determine the Type of Importer You Are
The next step is to determine the type of importer you are. Broadly speaking, importers in Canada fall into the following categories:
– Casual Importers: These are individuals or businesses that import goods on an infrequent basis for personal use or non-business activities.
– Commercial Importers: These are businesses that import goods for sale or for use in their operations.
– Non-Resident Importers: These are businesses that do not have a physical presence in Canada but wish to import goods into the country.
Step 4: Gather Required Information
Depending on the type of importer you are, you will need to gather different information to apply for an import number. For commercial importers, you will need the following:
– Your Business Number (BN);
– The name, address, and contact information of your business;
– A detailed description of the goods you wish to import;
– The country of origin of the goods;
– The Harmonized System (HS) classification of the goods; and
– The value of the goods.
For non-resident importers, you will need additional information, such as your Canadian representative’s name and address.
Step 5: Apply for an Import/Export Account
Once you have gathered all the required information, you can apply for an import/export account with the CBSA. You will need to complete Form B3 (Canada Customs Coding Form) and submit it to the CBSA.
Note that you may need to provide additional information or documentation, depending on your circumstances. For example, if you are a non-resident importer, you will need to provide a bond or deposit.
Step 6: Wait for Processing and Approval
Once you have submitted your application, you will need to wait for processing and approval. The length of time it takes to obtain an import number can vary, depending on factors such as the volume of applications received.
If your application is approved, you will receive an import/export account number, which serves as your import number.
Step 7: Understand Your Obligations as an Importer
Having an import number comes with certain obligations to the Canadian government. These include:
– Complying with all laws and regulations related to importing goods;
– Filing accurate and timely paperwork, such as customs forms and tax returns;
– Paying all applicable fees and taxes, including duties, taxes, and other fees;
– Maintaining accurate records of all import activities; and
– Cooperating with CBSA officers as they carry out their duties.
Step 8: Familiarize Yourself with Customs Procedures
As an importer, you will need to be familiar with customs procedures and regulations. This includes understanding how to fill out forms, pay fees and taxes, and comply with CBSA requirements.
Luckily, the CBSA provides a wealth of resources to help importers navigate these procedures. Visit the CBSA website or contact them directly for more information.
Step 9: Consider Using a Customs Broker
While it is possible to import goods into Canada without a customs broker, doing so can be time-consuming and complex. Customs brokers are licensed professionals who specialize in helping businesses navigate the customs process.
While using a customs broker comes with additional fees, it can save you time, money, and headaches in the long run.
Step 10: Keep Your Information Up-to-Date
Importers are required to keep their information up-to-date with the CBSA, such as changes in business address or contact information. Failing to do so can result in delays, penalties, or fines.
Step 11: Seek Professional Advice as Needed
Importing goods into Canada can be complex and confusing, especially for businesses that are new to the process. If you have questions or concerns, consider seeking professional advice from a lawyer, accountant, or other qualified professional.
Obtaining an import number in Canada is a necessary step for businesses looking to import goods into the country legally. By following the eleven steps outlined in this article, you can navigate the process successfully and comply with all relevant regulations and requirements. Remember to stay up-to-date on customs procedures and seek professional advice as needed to ensure a successful importation process.
As a business owner or an individual looking to import goods into Canada, having an import number is crucial. An import number is a 9-digit number issued by the Canada Revenue Agency (CRA) to identify an importer in Canada. In this statistical analysis, we will discuss the steps to obtain an import number in Canada and explore the trends and patterns related to the import process in Canada.
To obtain an import number in Canada, you need to follow the following steps:
Step 1: Register your business with the CRA: To obtain an import number, you need to register your business with the CRA. You can register your business online or by mail. Registration is necessary for the CRA to identify your business.
Step 2: Determine your import-export activity: The CRA requires you to determine the type of import-export activity you are involved in, such as commercial importation of goods for resale, personal importation of goods, or importation of goods on behalf of others.
Step 3: Determine the value of your goods: The value of your goods will determine the duties and taxes you need to pay during the importation process. It would be best to determine the value of your goods before you proceed with the importation process.
Step 4: Submit the required documents: Once you have registered your business with the CRA and determined your import-export activity and the value of your goods, you need to submit the required documents to the customs office. The required documents include the commercial invoice, bill of lading, certificate of origin, and any other relevant document.
Step 5: Wait for your import number: Once your documents are processed, the CRA will issue you with an import number, which you can use for importing goods into Canada.
In terms of trends and patterns related to the import process in Canada, the country is the 15th largest importer in the world, with a total import value of 601.9 billion CAD in 2020. The top imports of Canada include cars, crude petroleum, refined petroleum, integrated circuits, and delivery trucks. The United States is Canada’s top import partner, accounting for 75.4% of all imports in 2020.
Furthermore, the COVID-19 pandemic has had a significant impact on Canada’s imports, leading to a decrease in the value of goods imported into the country. According to Statistics Canada, Canada’s imports decreased by 3.4% in 2020, primarily due to the impact of the pandemic on the country’s economy.
In conclusion, obtaining an import number in Canada is a straightforward process that requires you to register your business with the CRA, determine your import-export activity, determine the value of your goods, submit the required documents, and wait for your import number to be issued. The import process in Canada is an essential part of the country’s economy, and it is crucial to be aware of the trends and patterns related to it to make informed import decisions.