IN THIS SECTION:
- Tariff Relief for Canadian Consumers
- Modernizing Canada’s General Preferential Tariff Regime for Developing Countries
The Budget proposes to eliminate customs
tariffs on baby clothing, and sports and athletic equipment (excluding
bicycles) for goods imported into Canada after March 31, 2013.
It also proposes to change the General
Preferential Tariff (“GPT”) regime under the Customs Tariff to ensure
that the development assistance intended to be provided by the GPT to
developing countries is appropriately aligned with the global economic
landscape and targets benefits to countries most in need. These changes will be
effective for goods imported into Canada after December 31, 2014, and will be
extended for 10 years, until December 31, 2024.