Starting June 1, 2012, Canadians returning from a 24-hour trip can now spend $200 at the duty-free shops. This is 4 times the current limit of $50.00 per person. The Canadian Federal Government has tabled a budget which harmonizes Canada’s limits with our neighbour to the south.
This is the most significant change in duty-free exemptions in many years. This increase will help speed up cross-border travel and will help free customs agents to focus on more crucial border issues. Of course, any change must have some negative side to it – in this case Minister Flaherty says that it will reduce Federal revenues by $13-million in 2012-2013 and by $17-million in 2013-2014.
I think you can expect more Canadians doing more shopping now!
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