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Bull | Gold Investment Deals

Silver & Gold: How to Import into Canada & US HS Tariff Classification Codes BUCHAN BULL VLOG 8

January 11, 2013 by  
Filed under Gold Coins


This is the 14th video that we are posting, and BULL VLOG 8. This VLOG is just a quick response to a question I get asked several times a week: How do you import Silver and/or Gold and/or Platinum into Canada Tax-Free? Well you need to know the proper HS Tariff Classification codes to have the exporter place on any customs documents. I also discuss quickly what to do if you have been charged taxes incorrectly. The links below are very useful! *PLEASE NOTE**I should have described this in the video–The reason the that the non-provincial tax programs are set up this way is based on the definition of Investment Grade Bullion (.999 or higher purity Gold, Silver, Platinum Only) vs. Collectors Bullions (anything less pure than .999 and any purity of Pallidium), as Investment Grade Bullions the Government expects one to report a Capital Gain or Loss upon divesting of the Bullion(it is considered and investment, so you pay taxes at the end, not up front like a normal purchase, or Collector Coins). *** Viewers please feel free to comment, add to, unsimplify or outright tear my argument apart, lets make this a community of thoughts, questions and answers. As Always, All The Best, THE BULL Good Links: www.cbsa-asfc.gc.ca –Canadian Border Services Agency Homepage www.cbsa-asfc.gc.ca –the D2-3-6 Doc: NON-COMMERCIAL PROVINCIAL TAX COLLECTION PROGRAMS , this document address all articles that can be imported into Canada, not just PMs, but the PM reference is #71 on PAGE 18 of the pdf