National Finance – June 13, 2012 (Part 2 of 2)

In Committee from the Senate of Canada

National Finance – June 13, 2012 (Part 2 of 2)

Representatives from business groups discussed a measure of the budget bill (C-38) that increased duty-free limits for cross border shoppers. For example, Canadians who stay 24 hours or more in the United States can now bring back $200 in goods, compared to $50.

Karen Proud from the Retail Council of Canada raised her organization’s concerns about potential revenue loss because of the changes. Ben Brunnen from the Calgary Chamber of Commerce appeared via videoconference from Calgary to express his support for the provision.

UPDATE: Bill C-38 received royal assent on June 29.