Canada: Updated list of imported goods targeted for potential audits

The updated list of audit priorities now includes indicator panels and light-emitting diodes (LED).

The updated list of audit priorities now includes indicator panels and light-emitting diod

The Canada Border Services Agency (CBSA) released an updated list of more than 20 imported goods that will be targeted for potential audits.

The CBSA’s July 2022 updated list of audit priorities now includes indicator panels and light-emitting diodes (LED).

Affected businesses may need to review this list so that they have complied with trade obligations and paid the correct amount of duty and tax on any identified goods. Importers that have made errors related to tariff classification, valuation or the origin of these goods could be subject to penalties.

Read a July 2022 report [PDF 221 KB] prepared by the KPMG member firm in Canada

 

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.