These changes are designed to advance Canada’s Gateways objectives. How?
• increase the capacity of Canada’s transportation system for trade in goods; • promote more efficient movement of international marine containers; • improve the efficiency of logistics services; • harmonize the treatment of international marine containers with those of the United States; and • facilitate trade. You can read the latest version of the Customs Tariff online at www.cbsa.gc.ca/trade-commerce/tariff-tarif/2009/01-99/tblmod-1-eng.html. We have proposed tax relief to help renew Canada’s marine fleet Importing ferries, tankers and cargo vessels that are 129 metres long or more, is currently subject to customs duty rates of up to 25 per cent. Following consultations it held in 2009, the Department of Finance proposed removing customs tax on these ships. This tax relief will advance Canada’s Gateway objectives by stimulating the renewal of Canada’s marine fleet with modernized vessels; which will: • improve marine safety, efficiency and environmental performance; • increas
• increase the capacity of Canada’s transportation system for trade in goods; • promote more efficient movement of international marine containers; • improve the efficiency of logistics services; • harmonize the treatment of international marine containers with those of the United States; and • facilitate trade. You can read the latest version of the Customs Tariff online at www.cbsa.gc.ca/trade-commerce/tariff-tarif/2009/01-99/tblmod-1-eng.html. We have provided tax relief to help renew Canada’s marine fleet and improve the competitiveness and sustainability of marine transportation Following extensive consultations, the Government announced in October 2010 the waiver of the 25 percent tariff on imports of all general cargo vessels and tankers, as well as ferries longer than 129 metres. Removal of the tariff is expected to save ship owners $25 million per year over the next decade, and eliminates Canada’s highest remaining rate of duty for industrial goods. This new duty remission fra
