With regard to the amendments to valuation regulations published in Part I of the Canada Gazette on May 27, 2023, which will increase duties on imported products into Canada: (a) will the Canada Border Services Agency (CBSA) publish revised regulations, and, if so, (i) when does the CBSA expect to publish such regulations, (ii) will those regulations undergo further consultations or will they be published as final; (b) did the CBSA estimate the cost to Canadian consumers of their proposed regulations, and, if so, what is the estimated cost; (c) has the CBSA estimated the reduction in competition in the Canadian market of their proposed regulations, and, if so, what is the estimated reduction; (d) has the CBSA estimated the administrative cost to Canadian companies due to this proposed regulatory burden, and, if so, what is the estimated cost; and (e) has the CBSA estimated the increase in revenue from the implementation of these regulations, and, if so, what is the estimated increase?
In the House of Commons on May 3rd, 2024. See this statement in context.