We moved down to the US and disposed of all our Canadian assets. We bought a car in the US. Now due to layoff, we will possibly move back.
I have read that if a person has been non-resident for a year and has a car that is more than six months old, they pay GST on the Cdn value over $10,000.
What happens if a person has been non-resident for less than a year? From the info I could find on CSBA site, a person has to pay export fees to export, pay import fees, GST, Excise tax and duty, and when they register and buy provincial insurance they have to pay PST. Does this not create a double taxation situation? We moved to the US with the intent of staying permanently or at the very least for a long time. We paid state taxes when the car was bought.
Also is the 6 month date based on the date the car is brought up? the date that other belongings are moved?
Returning to Canada with a car
Moderator: Mark T Serbinski CA CPA
All information you need is found here:
http://www.cbsa-asfc.gc.ca/travel/former-e.html
Remember too, that yopu must formally export your car at US customs, as well as import it into canada.
http://www.cbsa-asfc.gc.ca/travel/former-e.html
Remember too, that yopu must formally export your car at US customs, as well as import it into canada.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best