Retail Council of Canada Applauds New Low value Shipment Exemption
A Canadian government plan to increase the low value shipment (LVS) threshold to CAN$2,500 and align it with the U.S. threshold won cheers from the Retail Council of Canada. The LVS threshold affects all commercial and casual goods entering Canada…
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through the Canada Border Service Agency's commercial processes, RCC said. The previous threshold for expedited clearance was for goods under $1,600. Raising the limit will help cut backlogs, which can cause headaches for retailers, particularly smaller ones, said RCC President Diane Brisebois. When today’s consumer wants a product, it must be supplied immediately, she said.