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Importing art from United States to be sold on consignment.
- If you are unsure whether or not the original artwork will be sold or returned to the USA the artwork will not be qualified for Temporary Import; therefore, taxes are applicable.
- If your company is GST registered you can claim the GST back on your Input Tax Credit.
- The value for the declaration is based on the fair market value of the artwork.
- Along with the bill of sale, the Country of Origin is required along with the currency.
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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.