Demystifying Duties and Taxes: Importing Cars from Canada to the US

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This video discusses the duties and taxes involved in importing cars from Canada to the US. It emphasizes the importance of customs brokerage in facilitating smooth transactions and complying with customs regulations. The video covers the concept of customs brokerage, the requirement for a customs bond for vehicle importation, the duties and taxes on vehicle imports (including the duty rate of 2.5% and the federal excise tax of 12%), and the need to file an Importer Security Filing (ISF) at least 72 hours before exporting the vehicle from Canada. The video aims to provide valuable insights for those involved in international trade and stresses the role of a customs broker in navigating the complex customs requirements.
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Video Disclaimer Here: This video is designed for education and is unaffiliated with US government bodies.

0:33 - Understanding Customs Brokerage
1:05 - Customs Bond for Vehicle Importation
1:40 - Duties and Taxes on Vehicle Imports