TORONTO – New rules governing the amount of money Canadians are allowed to spend south of the border take effect today, filling consumers with enthusiasm and businesses with foreboding.
The changes raise the amount of money Canadians are allowed to spend duty free during most cross-border trips.
Here’s a look at how much Canadians can bring home over the border?:
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• Canadians who could only declare $50 of purchased goods after an overnight trip across the border are now able to bring $200 worth of merchandise back home
• The limit has doubled from $400 to $800 for people on a jaunt of between two and seven days
• The limit for those gone for more than a week increases from $750 to $800
Canadians are still barred from bringing back any duty-free goods purchased on a same-day excursion to the U.S., in sharp contrast to Americans who are entitled to $200 worth of exemptions when crossing the border from Canada.
SOUND-OFF: With the new changes in effect, will you be spending more money during your cross-border trip? Will you consider extending your same-day excursion in order to buy more? Share your thoughts on our Facebook page.
With a file from The Canadian Press
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