The new A & A experience - if you're looking for something you can't find, let us know here

Business Without Borders ®

Can you use a trade-in allowance as a deduction against the declared value on the vehicle you are importing into Canada?

The price paid or payable for a vehicle includes not only the vendor’s invoice price, but also all other amounts such as warranty payments of foreign sales taxes that are collected by the vendor. Any credit you may receive for a trade-in does not reduce the value that must be declared when the vehicle is imported into Canada.

in Importing and Exporting Vehicles

Related Articles

NOTE: All details pertaining to CARM R2 processes are based on the current information available at the time of writing. As this is subject to change, it’s recommended you periodically check in with the CBSA or your customs broker.