BREAKING NEWS – Government counter measures tariff on boats has been REMOVED!
Dec 20, 2018
Canadian Yachting has just learned that the Canadian government has removed all retaliatory tariffs on U.S. recreational boats coming into Canada. The official announcement and additional information is available here: https://www.fin.gc.ca/access/tt-it/rcsa-rcmaa-eng.asp.
This action – officially called the “Amending Remission Order” – effectively ends the 10 percent tax on U.S. boats heading to Canada that was implemented in response to the U.S government’s Section 232 tariffs on steel and aluminum. Additionally, Canadian dealers that paid the 10 percent surtax, which went into effect on July 1, 2018, can apply for a refund by following the instructions at this link: https://www.fin.gc.ca/access/remis-eng.asp.
As Boating Ontario CEO Rick Layzell aptly put it, the Christmas present we have all been waiting for has arrived! These announcements are a major victory for the recreational boating industry. All the marine trade associations lead by the NMMA Canada had asked, and assisted their members, in mailing and contacting their MPs to lobby for the removal of the tariffs. The industry’s efforts played an integral part of our collective success. All the marine trade associations in Canada raised our united voice in multiple government meetings. Boating Ontario members sent dozens of letters, made countless phone calls and urged local politicians to stand up for our industry. As Layzell observed, this is a tremendous moment for boating as we head into the critical show season in just a few short weeks.
Merry Christmas and a happier New Year!
