Deciding to start a business might not be the most difficult decision you’ll ever make.
Finding the right resources that can provide answers to your questions, on the other hand, can be a challenge, especially when conducting business that requires import/export of your products.
The good news? The Canadian Federation of Independent Business (CFIB) has been working on improving the cross-border trading experiences for Canada’s small firms for many years now, and the legwork has paid off in the form of a new resource specifically for small- and medium-sized Canadian businesses.
Recently, the Canada Border Services Agency (CBSA) launched the Small and Medium Enterprises (SME) Toolkit. The Toolkit was created as a direct result of CFIB’s advocacy work, ensuing that the information is tailored to small business traders. The Toolkit is now available on CBSA’s website.
Topics you will find:
- Government resources
- Contact information
Earlier this year, CFIB released a report called “Beyond the Big Border”, which addressed some of the issues our members face importing from and exporting to the US.
Here are some suggestions for an improved cross-border trading experience:
- Consider a freight consolidator to reduce the number of shipments (lower fees and shipping costs).
- Speak with Customs in advance and take the time to write down the contact’s name and the advice provided.
- Factor in all of your shipping charges, duties, handling fees, taxes and exchange rates into your product before you order.
- If you are only importing small amounts and you are not located far from a border, consider getting your own importer’s license
Make a decision to join CFIB’s My StartUp program with a six-month free membership. Learn how we can help your startup by signing up for My StartUp today!