Interest Rate for Customs Purposes

Act: Customs Act, R.S.C. 1985, c. 1, 2nd Supp.
Regulation: Interest Rate for Customs Purposes Regulations, SOR/86-1121, as amended

To Whom Does This Apply?

Importers of commercial or casual goods.

Summary

The Customs Act governs the administration and enforcement of customs laws. The Act specifies the requirements for interest on the payments, refunds and any amounts owing on duties.

The Interest Rate for Customs Purposes Regulations prescribe the rules for determining the interest rate charged to certain amounts owed to, or payable by, the government under the Customs Act, the Customs Tariff or the Special Import Measures Act.

If you require personal assistance contact the Customs Client Services Office closest to you (see Related Reading: Customs Offices - Supplement or from Canada Border Service Agency's Web site for a list of addresses).

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DISCLAIMER
Information contained in this section is of a general nature only and is not intended to constitute advice for any specific fact situation. For particular questions, the users are invited to contact their lawyer. For additional information, see contact(s) listed below.

Quebec Contact(s):
See National Contact.

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National Contact(s):
Border Information Service - BIS
Canada Border Services Agency
Telephone: 204-983-3500 or 506-636-5064
Toll-free (information): 1-800-461-9999
Web site: http://www.cbsa.gc.ca/menu-eng.html