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Dogbert · 29 March 2010, 03:17 AM

For those Canadians who have managed to bring a Rolex in from the U.S. or elsewhere does anyone know what the import duty is (apart from GST or provincial taxes). I have been on the Govt Canada website but still can never quite figure it out. Guess I should call but I thought someone might know.

Hooper · 29 March 2010, 03:20 AM

why would you tell them ??

chris23 · 29 March 2010, 03:20 AM

I believe the Import taxes for Rolex is 5%.

Hooper · 29 March 2010, 03:27 AM

I respect the fact that you may want to declare your watch, however with all the taxes we Canadians pay, I just figure why give them more !! If it were me I would just put the watch on my wrist and forget about it

cdnwatchguy · 29 March 2010, 03:45 AM

Jewelry is taxed like so on the declared value:

5% GST (unless NAFTA exempt, Rolex is not North American made therefore subject to GST)
5% Excise Tax
?% your PST

If you having it shipped and declare $1200 instead of $4500 and it is not inspected you are ahead of the game. If it is opened you will have it seized and pay the appropriate duties and be fined before you get it back. If you wear it across and don't declare it you are free and clear unless someone decides to have a closer look at your wrist and question it. Either way if you get caught smuggling or atempting to avoid duties you might then also be added to a secondary list and subject to endless secondary searches on any re-entry to the country. A risk only you can decide on.

Hooper · 29 March 2010, 03:47 AM

Quote:

Originally Posted by cdnwatchguy

Jewelry is taxed like so:

5% GST (unless NAFTA exempt, Rolex is not North American made therefore subject to GST)
5% Excise Tax
?% your PST

= the Government making too much money

Denver Dick · 29 March 2010, 03:58 AM

Quote:

Originally Posted by Hooper

= the Government making too much money

Whoa! Governments don't make diddly-squat, they just take.

RLX-lvr · 29 March 2010, 04:20 AM

Set up a us address just across the boarder and be done with it.

I haven't looked back. Send me a pm.

Jeff

DRKBC · 29 March 2010, 06:03 AM

I made a call to our customs broker and I can't recall but I think it was either 13 percent or 18 percent plus GST/PST.If you deal with a customs broker just give them a call and ask them what it costs to import a Swiss watch.

golcrazy1202 · 29 March 2010, 06:16 AM

I just bought one and I was charged GST, PST and 5% duties based on the declared value of the watch. A friend of mine bought a Rolex from the US as well and the seller undervalued the item and labelled it as "precision instruments" and he said he saved quite a lot in fees. Of course the risk there is that if the watch gets lost, you will need to use the declared value as the basis for the claim.

Dogbert · 29 March 2010, 11:39 AM

thanks for the help . I appreciate the information which is useful. Of course there is still the issue of finding reliable people who will ship to Canada otherwise one is restricted to getting lucky on vacations, trips etc to the States. A U.S. address might be the answer because there are a few merchants who wont ship to Canada because of distributorship issues

Rolex Freak · 29 March 2010, 11:50 AM

Quote:

Originally Posted by Hooper

I respect the fact that you may want to declare your watch, however with all the taxes we Canadians pay, I just figure why give them more !! If it were me I would just put the watch on my wrist and forget about it

Couldn't agree more. I've purchased about 10, all from the US and never declared them. Plus, what happened to free trade???

Rolex Freak · 29 March 2010, 11:52 AM

Quote:

Originally Posted by Dogbert

thanks for the help . I appreciate the information which is useful. Of course there is still the issue of finding reliable people who will ship to Canada otherwise one is restricted to getting lucky on vacations, trips etc to the States. A U.S. address might be the answer because there are a few merchants who wont ship to Canada because of distributorship issues

DAVIDSW, is a trusted seller here on TRF and he will ship it to you no problem. I just recently purchased one from him and all I paid was 17.00 in duty.

Rolex Freak · 29 March 2010, 11:54 AM

Quote:

Originally Posted by golcrazy1202

I just bought one and I was charged GST, PST and 5% duties based on the declared value of the watch. A friend of mine bought a Rolex from the US as well and the seller undervalued the item and labelled it as "precision instruments" and he said he saved quite a lot in fees. Of course the risk there is that if the watch gets lost, you will need to use the declared value as the basis for the claim.

Not entirely true on the issue regarding the watch getting lost. The seller will most likely have the watch insured for it's full value by a third party company.

User Name · 29 March 2010, 11:56 AM

Wow, it has been about 8 years since I have been to Canada and I didn't know it was this hard to get something like a watch across. I was thinking about making a trip to get the new tudor when they became available. I just don't know how they would know that I didn't wear it on my way in. Guess I have some food for thought.

Neil

robsteve · 29 March 2010, 12:15 PM

Yesterday, I crossed the border with the Rolex I bought while I was in Florida. I declared it and they took off my personal exemption and then charged 5% duty and 13% HST. These taxes were based upon the purchase price of the watch, as shown on the receipt.

Why did I declare it? Two reasons, one, it is not insurable if you smuggle it in, and two if they check the vehicle and find the boxes and etc, you can be called on it and fined, plus it will be hell crossing the border from then on.

Robert

Dogbert · 29 March 2010, 12:39 PM

Quote:

Originally Posted by robsteve

Yesterday, I crossed the border with the Rolex I bought while I was in Florida. I declared it and they took off my personal exemption and then charged 5% duty and 13% HST. These taxes were based upon the purchase price of the watch, as shown on the receipt.

Why did I declare it? Two reasons, one, it is not insurable if you smuggle it in, and two if they check the vehicle and find the boxes and etc, you can be called on it and fined, plus it will be hell crossing the border from then on.

Robert

Again, very helpful , thanks. I could not agree more about declaring. I don't have money to throw around and yes I think we are absolutely gouged by our taxes of all sorts but both ethically and practically I would declare what I brought in or had shipped in. It is just not worth not so doing.

rescue7 · 29 March 2010, 12:42 PM

Quote:

Originally Posted by robsteve

Yesterday, I crossed the border with the Rolex I bought while I was in Florida. I declared it and they took off my personal exemption and then charged 5% duty and 13% HST. These taxes were based upon the purchase price of the watch, as shown on the receipt.

Why did I declare it? Two reasons, one, it is not insurable if you smuggle it in, and two if they check the vehicle and find the boxes and etc, you can be called on it and fined, plus it will be hell crossing the border from then on.

Robert

Smart move Chris

, now crossing the border will be a non issue in regards to getting asked if your Rolex was bought Stateside.

jets · 29 March 2010, 11:22 PM

Quote:

Originally Posted by Rolex Freak

Couldn't agree more. I've purchased about 10, all from the US and never declared them. Plus, what happened to free trade???

I think the freed trade thing applies only when a product purchased is MADE in North America. I know it blows.

king1412 · 30 March 2010, 12:00 AM

Quote:

Originally Posted by Rolex Freak

DAVIDSW, is a trusted seller here on TRF and he will ship it to you no problem. I just recently purchased one from him and all I paid was 17.00 in duty.

So DAVIDSW shipped it to Toronto and all you were charged was $17 in duty? Can you tell us Canadians how this was done? I'm sure there are a lot of us that are interested in getting a Rolex from TRF sellers and avoid the GST, PST and Excise taxes. Thanks.

acadianl79 · 31 March 2010, 08:59 AM

Quote:

Originally Posted by king1412

So DAVIDSW shipped it to Toronto and all you were charged was $17 in duty? Can you tell us Canadians how this was done? I'm sure there are a lot of us that are interested in getting a Rolex from TRF sellers and avoid the GST, PST and Excise taxes. Thanks.

A friendly reminder...

Just my 2cents worth...

"Loose lipps sinks ships..."

king1412 · 31 March 2010, 09:19 AM

Quote:

Originally Posted by acadianl79

A friendly reminder...

Just my 2cents worth...

"Loose lipps sinks ships..."

There is a PM function

Brenngun · 31 March 2010, 11:04 AM

If you buy one in the USA and wear it back it's no problem. They can't prove you bought it while you were in country. As for the boxes and paper work a quick stop at a local US post office will take care of that llittle problem. I love receiving mail from myself..........

mpkRolex · 31 March 2010, 11:54 AM

Quote:

Originally Posted by Brenngun

If you buy one in the USA and wear it back it's no problem. They can't prove you bought it while you were in country. As for the boxes and paper work a quick stop at a local US post office will take care of that llittle problem. I love receiving mail from myself..........

x2

cdnwatchguy · 31 March 2010, 12:06 PM

Quote:

Originally Posted by Brenngun

If you buy one in the USA and wear it back it's no problem. They can't prove you bought it while you were in country. As for the boxes and paper work a quick stop at a local US post office will take care of that llittle problem. I love receiving mail from myself..........

You may want to review the Customs Act and its regulations. They don't necessarily need to prove you bought it out of the country, the importer has to prove duties and taxes are paid. Thay can seize it and hold it until you come up with that proof. Admittedly you aren't likely to get caught but.....

cdnwatchguy · 31 March 2010, 12:08 PM

Quote:

Originally Posted by jets

I think the freed trade thing applies only when a product purchased is MADE in North America. I know it blows.

NAFTA scheduled products are GST exempt.

Hooper · 31 March 2010, 12:15 PM

Quote:

Originally Posted by robsteve

Yesterday, I crossed the border with the Rolex I bought while I was in Florida. I declared it and they took off my personal exemption and then charged 5% duty and 13% HST. These taxes were based upon the purchase price of the watch, as shown on the receipt.

Why did I declare it? Two reasons, one, it is not insurable if you smuggle it in, and two if they check the vehicle and find the boxes and etc, you can be called on it and fined, plus it will be hell crossing the border from then on.

Robert

As well, you do not have to have paid duty or declare it in order to have your watch insured !! You only need to prove what you paid for the watch, its appraised and replacement values !! The Ins. company doesn't care so long as you pay the premiums and provide the rest of the info.

robsteve · 31 March 2010, 12:35 PM

Quote:

Originally Posted by Hooper

As well, you do not have to have paid duty or declare it in order to have your watch insured !! You only need to prove what you paid for the watch, its appraised and replacement values !! The Ins. company doesn't care so long as you pay the premiums and provide the rest of the info.

They care when it comes to pay the claim. I had them ask about some camera gear that got lost in a house break in. they asked if it was bought outside of the contry and if I had proof duty was paid on it. I had bought it locally and had the receipts.

If you look in your insurnace policy you will probably seen an exclusion regarding illegal acts or something to that effect.

Best thing is to call your insurance agent and ask if they can insure a watch brought in without paying duty/taxes on it.

Robert

Rippin · 31 March 2010, 03:47 PM

Quote:

Originally Posted by robsteve

They care when it comes to pay the claim. I had them ask about some camera gear that got lost in a house break in. they asked if it was bought outside of the contry and if I had proof duty was paid on it. I had bought it locally and had the receipts.

If you look in your insurnace policy you will probably seen an exclusion regarding illegal acts or something to that effect.

That information is good to know. I guess a way around this is to get the watch appraised and use that when insuring the item. No need to show a receipt at that point.

MitchSteel · 1 April 2010, 03:11 AM

In my experience, it also makes a big difference which airport you go through.A couple comes to mind where there's higher traffic and customs set up isnt "volume equipped", so you get fast tracked.Just keep your sleeves down

29 March 2010, 03:17 AM	#1
Dogbert "TRF" Member Join Date: Mar 2008 Real Name: John Location: Hamilton ,Ontario Watch: Tudor,Datejust etc Posts: 20	Canadian Import Duties For those Canadians who have managed to bring a Rolex in from the U.S. or elsewhere does anyone know what the import duty is (apart from GST or provincial taxes). I have been on the Govt Canada website but still can never quite figure it out. Guess I should call but I thought someone might know.

29 March 2010, 03:45 AM	#5
cdnwatchguy "TRF" Member Join Date: Jul 2009 Location: Alberta, Canada Posts: 921	It depends on your Province Jewelry is taxed like so on the declared value: 5% GST (unless NAFTA exempt, Rolex is not North American made therefore subject to GST) 5% Excise Tax ?% your PST If you having it shipped and declare $1200 instead of $4500 and it is not inspected you are ahead of the game. If it is opened you will have it seized and pay the appropriate duties and be fined before you get it back. If you wear it across and don't declare it you are free and clear unless someone decides to have a closer look at your wrist and question it. Either way if you get caught smuggling or atempting to avoid duties you might then also be added to a secondary list and subject to endless secondary searches on any re-entry to the country. A risk only you can decide on. __________________ Keith

1 April 2010, 03:11 AM	#30
MitchSteel "TRF" Member Join Date: Sep 2009 Real Name: MDangerSteel Location: Canada Watch: Vintage Rolex Posts: 2,301	In my experience, it also makes a big difference which airport you go through.A couple comes to mind where there's higher traffic and customs set up isnt "volume equipped", so you get fast tracked.Just keep your sleeves down __________________ Card Carrying Member of the Global Association of Retro-Grouch-Curmudgeons Probability of survival is inversely proportional to the angle of arrival---Capt. Rage Don't believe anything in aviation, 'till V1---Mitch Danger Steel

29 March 2010, 03:20 AM	#2
Hooper "TRF" Member Join Date: Mar 2010 Real Name: Tony Location: Ontario, Canada Watch: 16610 Posts: 3,290	why would you tell them ??

29 March 2010, 03:20 AM	#3
chris23 "TRF" Member Join Date: Feb 2009 Location: Canada Posts: 14	I believe the Import taxes for Rolex is 5%.

29 March 2010, 03:27 AM	#4
Hooper "TRF" Member Join Date: Mar 2010 Real Name: Tony Location: Ontario, Canada Watch: 16610 Posts: 3,290	I respect the fact that you may want to declare your watch, however with all the taxes we Canadians pay, I just figure why give them more !! If it were me I would just put the watch on my wrist and forget about it

29 March 2010, 04:20 AM	#8
RLX-lvr "TRF" Member Join Date: Jan 2008 Real Name: Jeff Location: Toronto Posts: 1,947	Set up a us address just across the boarder and be done with it. I haven't looked back. Send me a pm. Jeff

29 March 2010, 06:03 AM	#9
DRKBC "TRF" Member Join Date: Mar 2008 Location: Canada Watch: 114060, BLNR Posts: 739	I made a call to our customs broker and I can't recall but I think it was either 13 percent or 18 percent plus GST/PST.If you deal with a customs broker just give them a call and ask them what it costs to import a Swiss watch.

29 March 2010, 06:16 AM	#10
golcrazy1202 Member Join Date: Jan 2010 Real Name: George Location: Toronto, Canada Watch: tt Datejust; 6694 Posts: 97	I just bought one and I was charged GST, PST and 5% duties based on the declared value of the watch. A friend of mine bought a Rolex from the US as well and the seller undervalued the item and labelled it as "precision instruments" and he said he saved quite a lot in fees. Of course the risk there is that if the watch gets lost, you will need to use the declared value as the basis for the claim.

29 March 2010, 11:39 AM	#11
Dogbert "TRF" Member Join Date: Mar 2008 Real Name: John Location: Hamilton ,Ontario Watch: Tudor,Datejust etc Posts: 20	thanks for the help . I appreciate the information which is useful. Of course there is still the issue of finding reliable people who will ship to Canada otherwise one is restricted to getting lucky on vacations, trips etc to the States. A U.S. address might be the answer because there are a few merchants who wont ship to Canada because of distributorship issues

29 March 2010, 11:56 AM	#15
User Name "TRF" Member Join Date: Aug 2009 Real Name: Neil Location: Ohio Watch: GmtIIc Posts: 142	Wow, it has been about 8 years since I have been to Canada and I didn't know it was this hard to get something like a watch across. I was thinking about making a trip to get the new tudor when they became available. I just don't know how they would know that I didn't wear it on my way in. Guess I have some food for thought. Neil

29 March 2010, 12:15 PM	#16
robsteve "TRF" Member Join Date: Dec 2009 Location: Canada Posts: 776	Yesterday, I crossed the border with the Rolex I bought while I was in Florida. I declared it and they took off my personal exemption and then charged 5% duty and 13% HST. These taxes were based upon the purchase price of the watch, as shown on the receipt. Why did I declare it? Two reasons, one, it is not insurable if you smuggle it in, and two if they check the vehicle and find the boxes and etc, you can be called on it and fined, plus it will be hell crossing the border from then on. Robert

31 March 2010, 11:04 AM	#23
Brenngun 2024 SubLV41 Pledge Member Join Date: Mar 2010 Real Name: Rick Location: Smokin' Heaven Watch: Rolex & Tudor Posts: 3,866	If you buy one in the USA and wear it back it's no problem. They can't prove you bought it while you were in country. As for the boxes and paper work a quick stop at a local US post office will take care of that llittle problem. I love receiving mail from myself..........

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