The Importance of Trade Compliance
The Canada Border Services Agency (CBSA) has issued a publication explaining the importance of accurate and compliant trade data.
In addition to maintaining a competitive Canadian business community and supporting the health and safety of Canadians, good trade compliance equals lower risk and, therefore, less need for intervention by the CBSA. Fewer corrections on accounting documents, decreased shipment examinations, and reduced or no Administrative Monetary Penalty System (AMPS) penalties are potential benefits of trade compliance. These in turn may lead to lower business costs and faster movement of goods.
Please view the full publication on the CBSA website.