Known for its vast territorial extension and richness in natural resources, Canada today ranks as one of the greatest economic powers of the first world, mainly due to its strong relations with the neighboring United States. Its very high human development index (HDI), enormous economic openness and having English and French as official languages, brings a large volume of immigrants and investors to the North American giant.
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READ MORE: What is an Intermediary in the IOSS?
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HS Classification
In accordance with the Canadian Customs Tariff, our Classification engine is based on the internationally valid Harmonized System (HS), in which the first six digits of the 6-digit Canadian tariff headings correspond to the HS. By using natural language to accurately classify goods, our engine can provide detailed information about
- Notes on Free Trade Agreements
- Duties and Taxes
- Import and export licenses
- Special provisions
Landed Cost Calculator
Our LCC solution offers excellent support for duties and taxes calculation. This API is ideal for traders who are not familiar with customs regulations, duties/taxes calculations, and free trade agreement requirements. Our solution helps minimize errors that can cause bottlenecks and financial exposure by preventing unexpected costs.
The main features of our Norway LCC engine consider:
- Shipping Cost Calculation
- Import Duties and Excise Duties (if applicable)
- Taxes and Fees
- Insurance
- Currency Conversion
- Handling Fees
Prohibited and Restricted Goods in Canada
This feature provides prime Restricted and Prohibited screening by checking constantly updated P&R lists issued by Canadian authorities. Those lists can be screened by either HS Codes or product descriptions. The API also recommends appropriate documentation in case of import restrictions.
Import One-Stop-Shop (IOSS)
Suppliers that are not established and do not have a fixed establishment in the EU and are not established in a third country with which the EU has concluded a VAT mutual assistance agreement must appoint an EU-based IOSS intermediary. MyDutyCollect can register and submit monthly VAT returns for Canadian businesses selling to the EU.
Easily integrable, our suite of APIs can boost your business by bringing vast international opportunities. If you are interested in our solutions, subscribe to our blog and visit our website and LinkedIn for more information. You can also reach us by sending a message to info@mydutycollect.com. We will be delighted to hear from you.