Question: Value for Duty ( ACCORDING CANADIAN STANDARDS ) 1. You are importing 105 metal hat pegs. Each hat peg is valued at $ 104.37 USD

Value for Duty ( ACCORDING CANADIAN STANDARDS )

1.

You are importing 105 metal hat pegs.

Each hat peg is valued at $ 104.37 USD

These goods are coming into Canada from Argentina

The exchange rate is 1.2

Calculate the following:

Q1.

Value for currency conversion

Q2.

Duty rate

Q3.

Value for duty

Q4.

Value for tax

Q.5.

GST

Q.6.

Total duties and taxes payable to the CBSA upon entry to Canada

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