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Value of Imported Goods (GST/HST) Regulations (SOR/91-30)

Regulations are current to 2021-04-20 and last amended on 2012-06-29. Previous Versions

Prescribed Manner (continued)

 For the purpose of subsection 215(2) of the Act, where

  • (a) a bus or aircraft (referred to in this section as “the conveyance”) is, on a particular day, imported temporarily by a lessee of the conveyance under a lease with a non-resident lessor with whom the lessee is dealing at arm’s length,

  • (b) the conveyance is exported on or before the earlier of

    • (i) the day that is 24 months after the particular day, and

    • (ii) the day on which the lease is terminated,

  • (c) if the conveyance is imported more than once, the cumulative number of months in the periods throughout which the conveyance is held in Canada by the lessee under a lease with the lessor does not exceed 24, and

  • (d) on request made in writing to the Minister before the particular day, the lessee obtained written authorization from the Minister to determine the value of the conveyance under this section, subject to any terms and conditions that may be specified in the authorization,

the value of the conveyance shall be determined by the formula

(1/60 × A × B) + C

where

A
is the value for duty of the conveyance,
B
is the number of months in the period beginning on the particular day and ending on the day the conveyance is first exported after the particular day, and
C
is the remaining duties payable in respect of the conveyance.
  • SOR/99-321, s. 4

 For the purpose of subsection 215(2) of the Act, the value of a qualifying vehicle that is imported temporarily by an individual resident in Canada and not accounted for as a commercial good (as defined in subsection 212.1(1) of the Act) under section 32 of the Customs Act, that is exported within 30 days after the importation and that was last supplied in the course of a vehicle rental business to the individual by way of lease, licence or similar arrangement under which continuous possession or use of the qualifying vehicle is provided for a period of less than 180 days is determined by the formula

(A × B) + C

where

A
is
  • (a) if the qualifying vehicle is described in any of subheading Nos. 8703.21 to 8703.90 and 8711.20 to 8711.90 of the List of Tariff Provisions set out in the schedule to the Customs Tariff,

    • (i) in the case of a truck, sport utility vehicle, minivan or van, $300,

    • (ii) in the case of a motorhome or similar vehicle, $1,000, and

    • (iii) in any other case, $200, and

  • (b) in any other case, $300;

B
is the number of weeks during which the qualifying vehicle remains in Canada; and
C
is the remaining duties payable in respect of the qualifying vehicle.
  • 2012, c. 19, s. 48
 
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