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May 11, 2020
2020-1261

Finance Canada provides relief on imports of certain medical goods

The Department of Finance Canada (Finance Canada) announced on May 6, that it will be waiving tariffs on certain medical goods, including personal protective equipment (PPE), such as masks and gloves. As PPE imported into Canada may face tariffs as high as 18% ad valorem, the waiving of tariffs will significantly reduce the cost of importing PPE into Canada. Furthermore, Finance Canada has stated that tariff relief on these goods will remain in place for as long as necessary to deal with the COVID-19 crisis.

A Tax Alert prepared by Ernst & Young Canada, and attached below, provides additional details.

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Full text of Tax Alert

 

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