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Value of Imported Goods (GST/HST) Regulations (SOR/91-30)

Regulations are current to 2024-11-11 and last amended on 2012-06-29. Previous Versions

Prescribed Manner (continued)

15 For the purpose of subsection 215(2) of the Act, the value of a qualifying vehicle that is imported temporarily by an individual resident in Canada and not accounted for as a commercial good (as defined in subsection 212.1(1) of the Act) under section 32 of the Customs Act, that is exported within 30 days after the importation and that was last supplied in the course of a vehicle rental business to the individual by way of lease, licence or similar arrangement under which continuous possession or use of the qualifying vehicle is provided for a period of less than 180 days is determined by the formula

(A × B) + C

where

A
is

  • (a) if the qualifying vehicle is described in any of subheading Nos. 8703.21 to 8703.90 and 8711.20 to 8711.90 of the List of Tariff Provisions set out in the schedule to the Customs Tariff,

    • (i) in the case of a truck, sport utility vehicle, minivan or van, $300,

    • (ii) in the case of a motorhome or similar vehicle, $1,000, and

    • (iii) in any other case, $200, and

  • (b) in any other case, $300;

B
is the number of weeks during which the qualifying vehicle remains in Canada; and
C
is the remaining duties payable in respect of the qualifying vehicle.
  • 2012, c. 19, s. 48

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