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Joined: Dec 2012
Posts: 928
Petro Enthusiast
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Petro Enthusiast
Joined: Dec 2012
Posts: 928 |
I agree with Dave. I myself only pay 5% GST on items I bring to Canada for resale. At a later date I submit the 7% PST based on the price I sold the item for.
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Please - NO offers to Buy or Sell in this forum category
Statements such as, "I'm thinking about selling this." are considered an offer to sell.
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Joined: Jun 2006
Posts: 733 Likes: 1
Petro Enthusiast
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OP
Petro Enthusiast
Joined: Jun 2006
Posts: 733 Likes: 1 |
thanks guy for the info--so it means i have to pay 12 % tax--now who determines the value these would be all restored pumps--i know at the portland swap meet we sold 12 restored pumps--and we made up a less value recipet for the persons that were from canada--would customs question me by claiming there worth less than what iam selling them to my buyer
looking for spanish gas signs
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Joined: Oct 2000
Posts: 22,780 Likes: 5
Veteran Member
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Veteran Member
Joined: Oct 2000
Posts: 22,780 Likes: 5 |
Ruben, Shake your head & wave your hands then Only speak Spanish when they ask!
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Joined: Jun 2006
Posts: 733 Likes: 1
Petro Enthusiast
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OP
Petro Enthusiast
Joined: Jun 2006
Posts: 733 Likes: 1 |
si senior--yo no se nada--
looking for spanish gas signs
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Joined: Dec 2012
Posts: 928
Petro Enthusiast
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Petro Enthusiast
Joined: Dec 2012
Posts: 928 |
The value of the pumps and price paid is between you and the buyer. Whatever you agreed on and have in writing is what they will want to see.
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Joined: Dec 2011
Posts: 8,818 Likes: 2
Veteran Member
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Veteran Member
Joined: Dec 2011
Posts: 8,818 Likes: 2 |
Customs officers do have a pretty good idea of what items are worth. Because they will check craigslist, e-Bay and even call dealers to establish a value.
If they are suspicious of a deflated price. They will arbitrarily assess a value. They will levy a penalty equal to taxes being evaded on top of fines. Seize vehicles that are being used to import the items. After they have collected the taxes, fines and seized vehicles; they will declare you inadmissible, deny you entry and ban you from returning to Canada. Customs has absolute powers. Their powers of search & seizure, and civil forfeiture are absolute.
Now, is any of that worth trying to save someone else money? My motto is never lie to the Taxman. Not worth the aggravation.
Dave GILL, Dave's Garage & Memorabilia, Inc.
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Joined: Apr 2010
Posts: 298
Petro Enthusiast
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Petro Enthusiast
Joined: Apr 2010
Posts: 298 |
Trifiver The reason your company does not deal with a provincial sales is the oil sands are in Alberta, we do not have a sales tax. I agree with Dave about dealing with customs. Tell them how much was paid, and pay the government their cut. For a couple hundred dollarsit is not worth the risk.
Looking for Canadian Imperial and Canadian North Star. John Neilsen
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Joined: Mar 2004
Posts: 950
Petro Enthusiast
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Petro Enthusiast
Joined: Mar 2004
Posts: 950 |
I believe he has enough info from all enthusiasticly helpful parites. A little homework and he should be fine. I hate to see this turn into something behind kind helpfullness. I know I've learned something new.
........Dave ___________________________________________________ Looking for old, rare, auto light bulb tins
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