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Replies: 20 / Views: 5,722 |
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Pillar of the Community
Canada
867 Posts |
Despite the exporter declaring it a numismatic item, CBSA assessed me GST and PST after classifying my coin as "Jewelry" tariff code 711810000.1
Does anyone have any experience with CBSA? I've already sent away a refund request, but perhaps ,I was just lucky with previous imports arriving unmolested and without taxes. Does anyone know the correct tariff code for numismatic coins, or non bullion gold? What I bought was a US Eagle.
to clarify, these have no duty, but have been assessed GST and PST, and as you can expect on certain coins that can be quite a lot.
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Pillar of the Community
 Canada
9862 Posts |
There is no duty but you are always responsible for taxes on coins. Because of high volumes they don't always intercept low value shipments but they have the right to do so. You won't be getting a refund.
"Dipping" is not considered cleaning... -from PCGS website
Edited by DBM 09/04/2020 7:09 pm
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Rest in Peace
United States
2668 Posts |
Canada has good health care. Consider yourself thanked. 
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Pillar of the Community
 Canada
867 Posts |
There is no duty but you are always responsible for taxes on coins. Because of high volumes they don't always intercept low value shipments but they have the right to do so. You won't be getting a refund.
That's what I thought....just lucky with earlier shipments I suppose. At least I didn't have to pay UPS or Fedex a "brokerage" fee in excess of the tax assessment.....and gst on their fee.
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Pillar of the Community
Canada
2984 Posts |
There is no GST or PST on Bullion that is .9999 pure. So your US Eagle should not be charged GST and PST. The problem is the seller incorrectly classified it as "jewelry" rather than as "bullion".
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Pillar of the Community
Canada
1505 Posts |
Very identical thing happened to me last year. I took a scan of the coins and included it with my refund request. Cheque came about 5 weeks later for the full amount. Later on I decided to explore further and was told that they employ a lot of summer students and they are not as familiar with the frase: it must be worth our while collecting GST / HST. meaning the amount recovered by them must be higher than their expenses to collect. Was also told that Fed tax (GST) is exempt for Canadian collectors coins and that Provincial taxes are based on the honor system, unless HST (not GST) is collected. does it make sense? tripoli check google for Canada customs act... https://www.cbsa-asfc.gc.ca/and work yourself to collectors coins... Have fun
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Pillar of the Community
 Canada
5394 Posts |
If the coin is a USA gold Eagle ......GST or HST is charged plus BC PST under 7118 which is the correct Tariff Code . All numismatic coins are tariff 9705.00.00.90.
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Pillar of the Community
Canada
2984 Posts |
Pacificoin is correct. In my previous post I said .9999 pure silver and gold bullion is PST/GST exempt which is right until I looked up what a US Gold Eagle is. According to the internet, a US Gold Eagle is 22K gold with 91.6g of gold.
Since it not pure gold, the CBSA assessment is correct. The coin is subject to both GST and PST.
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Pillar of the Community
 Canada
867 Posts |
To clarify, I'm talking a 1904 Liberty Eagle which is 90% Au, 10% Cu, not the more recent bullion coins. The amount paid in taxes is worth the postage stamp to appeal and I'm hoping for someone in a good mood back in Yarmouth. I'll update the post in a month or so, when I hear back from them.
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Pillar of the Community
Canada
2984 Posts |
Quote: Was also told that Fed tax (GST) is exempt for Canadian collectors coins and that Provincial taxes are based on the honor system, unless HST (not GST) is collected. GST is exempt only for pure .9999 silver/gold Canadian Collector coins or any pure collector coin from the world. For example, the gold Canada Superman coins are charged GST because they are only 22K. PST is not based on the honor system. it is based on the business being registered to do business in the province where there is PST. If a dealer has no brick and mortar store in the province there is no point in doing the paperwork collecting and remitting PST.
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Pillar of the Community
 Canada
5394 Posts |
On a 1904 20 Dollar, no point in wasting your valuable time . 5 per cent GST and 7 Per Cent BC Tax is what it is .
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Pillar of the Community
 Canada
867 Posts |
One other comment on taxes, while GST is not charged on .9999 coins, the RCM charged me 7% PST on the latest Bill Reid .9999 Au coin....  s....oh well, first world  ing.
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Pillar of the Community
 Canada
5394 Posts |
Again the PST charge is correct . Since BC Dumped the HST years back , even a pure 999 or better is charged The PST on any item sold in excess of a simple bullion Surcharge . Ask any of the Vancouver area dealers who underwent PST audits in 2016 to 2018 . Wasn't pretty!
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Pillar of the Community
Canada
2984 Posts |
Quote:One other comment on taxes, while GST is not charged on .9999 coins, the RCM charged me 7% PST on the latest Bill Reid .9999 Au coin....s....oh well, first world ing. I gather you don't buy much NCLT coins because ever since BC got rid of the HST, BC PST is charged on .9999 Pure Silver/Gold NCLT coins BUT NOT on .9999 Pure Silver/Gold BULLION coins. The reason for this difference is unclear to me. Perhaps someone can explain it. Also, to longtime NCLT collectors like me and others, there is a loophole to avoid the BC PST on NCLT and that is to buy from out of province coin dealers and not the RCM. Except for the Shopping Channel, dealers outside of BC do not charge PST on NCLT. Gatewest Coins and Canadian Coin and Currency are two of the biggest dealers outside of BC.
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Pillar of the Community
Canada
1081 Posts |
What @Parklane64 said - 100%
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Moderator
 Canada
10456 Posts |
If the item is a Canadian coin - I usually just ask the sender to declare "made in Canada" (even from Heritage Auctions), and so far, it has either worked, or I have been very lucky....
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Replies: 20 / Views: 5,722 |