While the Canada Revenue Agency may seek broad financial records from non-resident companies, those companies aren't necessarily required to provide records of transactions not involving Canada, said Cyndee Todgham Cherniak, a lawyer with LexSage, in a blog post. "We are aware of at least one situation where a Canada Revenue Agency (“CRA”) auditor has demanded that a non-resident (U.S.) company to provide a complete electronic copy of their financial records for the purposes of a goods and services tax/harmonized sales tax audit," she said. "The CRA’s request covers financial records of all U.S. transactions and all world-wide transactions that have no connection whatsoever with Canada (in addition to Canadian sales transactions). In other words, the CRA is not permitting non-resident company to isolate transactions involving Canada -- they want everything."
Recent editions of Mexico's Diario Oficial list trade-related notices as follows:
The government of Canada recently issued the following trade-related notices as of April 30 (note that some may also be given separate headlines):
Global Affairs Canada issued a notice to importers on April 29 to "inform importers of the procedures governing the administration of provisional safeguards, in the form of tariff rate quotas (TRQ)." Canada recently released some of its plans for implementing the two categories of safeguards (see 1904290207). "The TRQs will be administered by way of shipment-specific import permits," Global Affairs Canada said. "From April 29, 2019 until the end of the provisional safeguard period on May 12, 2019 there are two provisional TRQs that remain in force. The commodity goods (HS Codes) covered by each TRQ are in Commodity Codes handbook."
The Canada Revenue Agency released information on cannabis oils excise duty rates, which will be available in the Customs Commercial System starting May 1, the Canada Border Services Agency said in an April 30 update to Customs Notice 18-19. The CBSA also sent an April 30 notice with updated information for completion of the CADEX formatted records.
The Canada Border Services Agency will revisit the changes it recently made to the Electronic Commerce Client Requirements Document (ECCRD) for Integrated Import Declaration (see 1904240052), the agency said in an April 30 email. "As a result of the concerns raised by trade chain partners, the Canada Border Services Agency will be reviewing the coding changes that are included in the Single Window Electronic Commerce Client Requirements Document, Addendum 1.0 to v4 to develop a way forward that is practical and achieves our shared objectives," it said. More information will be sent when available, it said.
Recent editions of Mexico's Diario Oficial list trade-related notices as follows:
The government of Canada recently issued the following trade-related notices as of April 29 (note that some may also be given separate headlines):
Prime Minister of Canada Justin Trudeau met with Prime Minister of Japan Shinzo Abe on April 28 and discussed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to a news release from Trudeau's office. "There has been a significant increase in demand for Canadian products since the CPTPP came into force," it said. "For example, some Canadian beef products exported to Japan have increased nearly threefold." Also, the two leaders signed a Memorandum of Cooperation that "will make it easier for Canadian and Japanese companies to work in partnership, and will drive investment in both our countries." Jim Carr, minister of international trade diversification, said: "Our close economic ties with Japan have never been stronger thanks in large part to our new trade deal with Asia and Pacific countries -- and our government is strengthening those ties even further. That’s why we’re adding trade commissioners right across Canada, and putting new trade commissioners in three major Japanese cities to help our businesses and economy grow."
Brazil recently announced changes to its special customs regimes for the oil and gas industry, according to an alert from EY. In a notice published April 5, the Receita Federal do Brasil (RFB) amended its “normative instructions” on the Repetro and Repetro-Sped programs related to how imports and temporary imports qualify for the program, what goods may qualify, the circumstances under which the regimes may not be used and application requirements.