1 Jun 2012

Canada raises duty-free allowance

The federal government has raised the spending limits for Canadians taking trips to America, allowing those coming back home a bigger budget for shopping south of the border.

Previously, the spending limit for those visiting America for a trip of between one and two days was $50 worth of duty-free goods, according to Moneyville.ca. That limit has now increased to $200. Spending limits were also upped for longer excursions to America, with trips lasting more than two days eligible for $800 worth of duty-free shopping.

There are still no duty or tax exemptions for purchases made during trips under 24 hours. The government does not want shoppers to simply pop over to America for reduced prices while avoiding Canadian taxes. The spending limits are in place to ensure legitimate vacations are the reason for the duty-free purchases.

Those who make frequent trips to America for shopping may want to consider investing in a self storage unit to hold the items they buy. When selecting a self storage facility, it's important to find a company that offers cheap rates. This way, Canadians will have larger shopping budgets for trips south of the border.

Self storage can be a smart way to hang on to valuable items without taking up room in a house or apartment. For Toronto storage solutions, there's no better than Jiffy Self Storage. Those interested in self storage should check out the affordable rates on Jiffy's website, where they can also enter to win a free iPad 3.

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