“by keeping that purchase threshold at $20 instead of giving Canadian shoppers a break and raising it to $80, Ottawa spends about $166 million to collect $39 million in additional taxes and duties.”
Here’s something the Industry Minister should fix this year. Especially in light of the Liberals’ support of the TPP, why are they dinging consumers for buying Chinese and American made goods? In the case of mid-range bicycles, there’s no Canadian manufacturer, yet they’ll easily make a beach cruiser (made in China) sold in California for $100US, cost over $350CAD in a Canadian bike shop.
The Trans Pacific Partnership is a trade agreement intended to remove red tape for international trade, so if someone overseas can provide a product at a better price than a local producer, the market decides instead of national or regional pride, or even Health Canada regulations. Congrats, your milk could soon have banned hormones in it.