Recent Currency Exchange Rates (for Canadians)

[RobertInOntario]

Currently, Canada Customs doesn't seem to bother too much with actual duties, at least on most smaller purchases. However, they do collect the GST on the Canadian value of the purchase. Once the harmonised (sounds so pleasant, doesn't it?) sales tax comes into effect, they'll also be collecting the equivalent of what is now the provincial sales tax. After July 1st, when returning from the U.S. with newly purchased train stuff, I plan to bend over and walk into the country backwards.

Wayne

Yeah, I don't like the HST either. It's bizarre (sort of) when the Federal Tories as well as the Provincial Liberals are in favour of it but -- as far as I know -- the Federal Liberals and Provincial Tories are against it. I know the NDP is against it but, if they were in power, I'd bet they'd be totally endorsing it!

At any rate, my family & I should be getting the $1,000 rebate. It should be interesting to see how this affects our pocket book and the economy.

Rob