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16 January 2020, 11:54 AM | #1 |
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Importing a Rolex into Canada
I'm sure this has been asked, I'm new to the forum here. Just wondering of Canadians purchasing a watch on line having it shipped here. What's most experiences, duties paid, or taxes. Just trying to avoid any surprises prior to a purchase. Hell, the exchange rate is a killer already, but that can't be avoided. Would be bringing it in from the US. Thanks in advance for any questions.
Last edited by Kel03; 16 January 2020 at 11:55 AM.. Reason: Bringing in from US added |
16 January 2020, 12:00 PM | #2 |
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Tax and duty and brokerage fee.
Sourcing within Canada, if possible, will be less. |
16 January 2020, 12:02 PM | #3 |
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If it’s from a reputable dealer that does this regularly then it will go super smoothly. You’ll just pay through the nose for it.
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16 January 2020, 12:33 PM | #4 |
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Searched all Rolex dealers around here, nobody has the SM I'm looking for, probably best to wait till one comes to Canada lol. I'm asking these import questions to evaluate the fees to bring it over.
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16 January 2020, 01:02 PM | #5 |
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From which country? If its from the US, buy a cheap flight and buy the watch and wear it when returning. Send the box via usps for 20 bucks.
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16 January 2020, 01:19 PM | #6 |
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the lack of grey market dealers in Canada with desirable stock is quite irritating to be honest. It's either play the AD games or get fleeced by whatever this socialist government can throw at you when importing from the US or another country.
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16 January 2020, 01:21 PM | #7 |
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Don't do it.
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16 January 2020, 03:00 PM | #8 |
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16 January 2020, 03:13 PM | #9 |
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16 January 2020, 07:57 PM | #10 |
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it will cost you more with exchange rate , duties and taxes. If you do not declare it, then you can never safely wear the watch out of Canada again, assuming you don't get caught .
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16 January 2020, 09:55 PM | #11 |
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Thanks all, I've had all those thoughts, you've justified them. As for not being able to where it outside Canada again, as "Lawman" indicated, bit puzzled on that one.
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16 January 2020, 11:06 PM | #12 |
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If you are close to the border, just have it shipped to a mail center in the US (they are all along the border) drive across and pick it up.
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16 January 2020, 11:20 PM | #13 |
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Suppose you successfully got it across the border without declaring it. Then later you wear it out of the country on vacation. When you enter Canada , Canada Customs has the right to ask you where you got the watch. Without a real bill of sale showing the watch was purchased in Canada or in case of Rolex the country code is on each warranty card and if does not say 700 , the country code for Canada, you got some explaining to do.
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16 January 2020, 11:23 PM | #14 |
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You'll pay 5% Customs GST for the value of the watch, plus duty of usually 4% but don't take my word for the duty value, that was what I paid when importing a Seiko from Japan; Swiss country of origin may be different valuation but unlikely. This on top of the very high FX you'll get nailed by (presumably) your CC, makes it a bad deal. Note: New Rolex prices are far cheaper in Canada dollar for dollar.
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17 January 2020, 12:02 AM | #15 |
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Alphasports writes in part "[GST and Duty] on top of the very high FX you'll get nailed by (presumably) your CC, makes it a bad deal. Note: New Rolex prices are far cheaper in Canada dollar for dollar."
True--but where are we going to find watches in Canada? |
17 January 2020, 01:42 AM | #16 |
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Just google Canadian Duty Calculator, it's all there.
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17 January 2020, 03:42 AM | #17 |
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Yup. And CBSA WILL intercept the box and screw you! I advise highly against this.
This was posted recently, good reference for anyone considering trying to fool the CBSA: https://twitter.com/CanBorderQUE/sta...687905280?s=20 After the currency conversion and taxes/duties, buying in the US is usually unattractive price-wise for Canadians. |
17 January 2020, 04:01 AM | #18 | |
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Quote:
And yeah, the taxes/duties can make a purchase like this cost-prohibitive to Canadians. But if you want something bad enough, you'll factor that into the overall cost. A conservative estimate would be to add 9-10% to the CAD purchase price. |
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17 January 2020, 04:09 AM | #19 | |
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Quote:
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17 January 2020, 04:33 AM | #20 |
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You have to pay duty and taxes on gifts over 60.00
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17 January 2020, 04:41 AM | #21 | |
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Even if it's done on a random basis, think about how many citizens return to the country each day. This seems adminstratively burdensome. Am I misunderstanding something here? |
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17 January 2020, 04:48 AM | #22 |
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Same questions each time Canadian returns and enters canada. How long were you gone for you and do you have anything to declare. Once you fail to declare, should they ask about your watch you are cooked
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17 January 2020, 04:50 AM | #23 |
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*No affiliation*
But I've dealt with Dave at Distinctive Time many times and he's a forum member here. He would be a ideal person to transact with in Canada. Really straightforward, smooth, etc. You should probably give him a shout first. |
17 January 2020, 04:51 AM | #24 |
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17 January 2020, 04:52 AM | #25 |
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If it’s a Canadian watch purchased in Canada you have nothing to worry about it
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17 January 2020, 04:53 AM | #26 | |
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I'm not questioning the validity of your information. I'm just curious. This just seems remarkably burdensome. So a couple traveling must bring their watches' paperwork, and all the paperwork associated with the jewerly the woman might choose to wear for the trip? |
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17 January 2020, 04:54 AM | #27 |
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17 January 2020, 05:01 AM | #28 |
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When I take my watch out of Canada I bring my warranty card in my wallet shows the country code . if they ask they ca match the serial number on the warranty card to the serial number on the watch. No issues no problems. Or I go to customs in Canada before I leave canada they will record the serial number and give me a piece of paper showing that the watch left Canada.
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17 January 2020, 05:02 AM | #29 | |
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I would not recommend anyone hide a watch purchase. Definitely not worth the repercussions if you got caught. |
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17 January 2020, 05:07 AM | #30 |
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Let's just say for conversation sake, you come back into Canada how can they prove you purchased the watch in the states if you mail the box back. Unless they go to the extreme lengths of looking at video of you going into the states. I don't think it's really normal to go on "vacation" with their bill of sale/receipt.
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