Five products that cost way more in Canada
Although the Canadian dollar is flirting with parity to the U.S. dollar, many Canadians still shop stateside for deals.
With the Canadian dollar flirting with parity with the U.S. dollar yet again, Canadians can't help but consider shopping stateside to score some great discounts.
Keep in mind that there are limits you have to adhere to when crossing back over into Canada. Always declare what you've purchased, and the rule of thumb is: The longer you stay in the U.S., the more you are allowed to bring back without having any duties or taxes levied.
|Time spent in the U.S.||Amount you can bring back|
|Week or more||$750|
|48 hours or more||$400|
|More than 24 hours, less than 48||$50|
|Less than 24 hours||$0|
If anything you buy is made in Canada, the U.S. or Mexico, NAFTA (North American Free Trade Agreement) exempts you from paying duties, but you'll have to pay taxes when you cross back over if you go over your allowed limits or are only in the U.S. for less than 24 hours.
Finally, let's not forget to also factor in those deep sales that happen in the States, especially on Black Friday and those low sales taxes charged in some American states, with the average sales tax hovering around 5.5 per cent.
With the above in mind, here are certain categories of goods and services that are usually cheaper in the U.S. than in Canada, even without equal currency values, sales tax savings or major sales: