The Canada-USA Softwood Lumber Agreement has Expired
Foreign Affairs, Trade and Development Canada reminds us that the Softwood Lumber Agreement and associated export measures have expired on October 12th, 2015:
“Please note that the Softwood Lumber Agreement is scheduled to expire on October 12th, 2015. As such, for the month of October export measures will apply only to exports with shipment dates of October 1st to 12th at 11:59 PM. Any exports of softwood lumber products first manufactured in Canada and destined for the United States with shipment dates on or after October 13th, 2015 will no longer be subject to export measures. Consequently, following expiry of the SLA, the Department of Foreign Affairs, Trade and Development will no longer issue export allocations (quota) for softwood lumber products. Information related to the application of export charges can be found on the Canada Revenue Agency’s website.”
Before this agreement, softwood lumber industry disputes between Canada and the United States were numerous. What now?
Robert Robillard, Ph.D., CPA, CGA, MBA, M.Sc. Econ.
Senior Partner, DRTP Consulting Inc.
514-742-8086; robertrobillard “at” drtp.ca
The convergence of DRTP Consulting’s tax, accounting and economics expertise makes a difference. The information in this blog post is general information only. Data and information come from sources believed to be reliable but complete accuracy cannot be guaranteed. DRTP Consulting Inc. or the author are not responsible or liable for any error, omission or inaccuracy in such information. The opinions expressed in this blogpost are those of the author. Readers should seek advice and counsel from DRTP Consulting Inc. as required.