Non-Resident Importers | Be Prepared Before You Ship

Non-Resident Importers | Be Prepared Before You Ship

“Risk comes from not knowing what you're doing.” - Warren Buffett

Would you go cliff diving without knowing how deep the water is? Of course not!

Exporting to Canada can be an easy process or difficult depending upon your knowledge and resources. Many US Companies have been setting up as Non-Resident Importers without knowing all the facts and or not enough preparation before they start using the NRI option for their sales advantage to Canada.

Non-Resident Importing | Discover Your Unfair Advantage

I always remember and refer to the Boy Scouts motto “Be Prepared” for reviewing the NRI process before you export your goods to Canada.

B - Begin the information gathering, find out what is needed to import your product into Canada, are there any special permits or licenses needed?

E - Explore different ways you can price your product to make it attractive to the buyer. Should you build in import costs in the price you show, or detail them on your invoice?

P - Plan how you are going to ship and distribute your products in Canada. Consolidate or Ship direct?

R - Request the services of our consulting team to rate your catalog of products to discover the duty rates that may affect your delivered price.

E - Establish your final delivered price, making sure all import costs are included to maximize profits.

P - Proceed with the document set up with Pacific Customs Brokers to make sure your import account is set up and ready to avoid border delays.

A - Audit your procedures and how your paper trail will look to ensure you are in compliance with all customs regulations.

R - Review the GST tax considerations, do you need to, or should you register for a GST tax account.

E - Educate your sales staff on how to quote a landed cost.

D - Delight your customers in Canada with your no border hassle sales solution and Sell, sell, sell!

Drop Shipping Part 1 | Maximize The Benefits Of Global Trade
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About Author
Gloria Terhaar
CCS (CA/US), CTCS, CBSA Prof. Designate

Gloria Terhaar began her career in Canadian customs brokerage 2007. She currently works in our Canadian division as a Trade Compliance Supervisor and Regulatory Compliance Specialist. Gloria has extensive experience in all aspects of documentation and regulatory requirements as they relate to importing products into Canada. Gloria is often called upon to train industry with some recent talks for MNP, the Surrey Board of Trade, TFO Canada and the BC Produce Marketing Association. In 2018, Gloria also participated in the Canadian Produce Marketing Association and the Canadian Horticultural Council advocacy event "Fall Harvest" in Ottawa where she participated in advocacy efforts for the Canadian produce industry.

While we strive for accuracy in all our communications, as the Importer of Record it is incumbent upon your company to ensure that you are aware of the requirements under the new regulations so that you maintain compliance as always.
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