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ARTICLE · 04 OCTOBER 2024

New Surtaxes On Imports Starting October 1, 2024

On August 26, 2024, the federal government announced new surtaxes targeting imports from China. This move is aimed at safeguarding the Canadian automotive industry, particularly the growing electric vehicle (EV) sector.

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On August 26, 2024, the federal government announced new surtaxes targeting imports from China. This move is aimed at safeguarding the Canadian automotive industry, particularly the growing electric vehicle (EV) sector, and follows similar trade measures implemented by the United States and the European Union. While the surtaxes are primarily focused on Chinese EVs, they are expected to have far-reaching effects on multiple industries and businesses.

New Surtax on EVs

Effective October 1, 2024, a 100% surtax will be imposed on all Chinese-made EVs imported into Canada.

The Ministry of Finance released a list of 200 tariff items that will be subject to the new surtax. It is important to note that the new surtax will apply in addition to the Most-Favoured Naton (MFN) tariff of 6.1% that is currently levied on Chinese EVs imports.

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