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The process of assigning HS codes is known as "HS Classification". All products can be classified in the HS by using the General Rules for the Interpretation of the Harmonized System ("GRI") that must be applied in strict order. HS codes can be determined by a variety of factors including a product's composition, its form and its function.
There are 6 General Rules in all, which must be applied in consecutive order. GRI 1 prescribes how to classify products at the 4-digit Heading level, based on the wording of the headings and the relative HS Section and Chapter Notes.
The HST includes the provincial portion of the sales tax but is administered by the Canada Revenue Agency (CRA) and is applied under the same legislation as the GST. The HST is in effect in Ontario , New Brunswick , Newfoundland and Labrador , Nova Scotia and Prince Edward Island .
In 1996, three of the four Atlantic provinces—New Brunswick, Newfoundland and Labrador, and Nova Scotia—entered into an agreement with the Government of Canada to implement what was initially termed the "blended sales tax" (renamed to "harmonized sales tax") which would combine the 7% federal GST with the provincial sales taxes of those provinces; as part of this project, the PST portion ...
The codes and the descriptions of goods established on the basis of the combined nomenclature shall replace those established on the basis of the nomenclatures of the Common Customs Tariff and the Nimexe. It is established on the basis of the Harmonized System. The combined nomenclature shall comprise : (a) the harmonized system nomenclature ...
President-elect Donald Trump announced Monday he plans to impose a 25% tariff on all products coming into the U.S. from Mexico and Canada as one of his first acts back in the White House.
Canada, following the lead of the United States and European Union, said on Monday it will impose a 100% tariff on imports of Chinese electric vehicles and announced a 25% tariff on imported steel ...
1965: Canada–United States Automotive Products Agreement (Auto Pact) 1973–1979: Tokyo round of GATT; 1988: Canada–United States Free Trade Agreement; 1993: North American Free Trade Agreement (NAFTA) 1994: World Trade Organization created; 1997: Canada–Israel Free Trade Agreement (CIFTA) 1997: Canada–Chile Free Trade Agreement (CCFTA)