Canadian Low Value Shipment (LVS) Threshold Increasing Under CUSMA

Canada Border Services Agency (CBSA), through Notice CN20-15, has confirmed a future increase to the estimated value for duty threshold for Low Value Shipments (LVS) transactions entering Canada. Upon the effective date of the pending Canada-U.S.-Mexico Agreement (CUSMA), the threshold for LVS imports will increase to CAD$3,300. This new LVS threshold will apply to all…