Canada Exempts Some Aluminum and Steel Products from Retaliatory Surtax
Canada’s Department of Finance has announced that some products are eligible for remission of the 25 percent surtax on U.S.-origin steel products and the 10 percent surtax on U.S.-origin aluminum products that Canada has imposed in retaliation for U.S. tariff increases on similar goods. Additional products could receive remission as the Canada Department of Finance reviews submissions that have been or will be made in response to a July announcement on the process for requesting remission.
The remission applies to subject goods imported on or after July 1, 2018, and is retroactive, meaning importers can file for refunds of surtaxes paid since that date. It will remain in effect indefinitely for goods listed in Schedule 1 of the remission order, but goods listed on schedule II must be imported no later than Dec. 31, 2018 (see attached for both lists). Claims must be accompanied by all relevant documents and be made within two years after the date of importation.
For more information, or assistance filing remission claims, please contact Larry James at (613) 882-7190.