Canada proposes changes to FTZ programs 

August 29:  Canada’s Department of Finance today announced measures that will improve Canada’s marketing of its foreign trade zone (FTZ) programs to attract international investment and to reduce “red tape” and costs for Canadian businesses, allowing them to compete globally.

The Finance Canada announcement follows on the government’s commitments in the Economic Action Plan 2013 to grow trade and investment in Canada by strengthening Canada’s FTZ advantage.

Canada’s FTZ program provides duty and tax exemptions to reduce trading costs for businesses.

Among the proposed changes to Canada’s FTZ would be measures:

  • Eliminating the annual registration fee for the Customs Bonded Warehouse Program (Canada’s most-used FTZ program)
  • Simplifying the application process to access Canada’s FTZ programs
  • Introducing service standards for application processing times
  • Accepting requests for new “FTZ Point” single windows to enhance delivery of FTZ programs at strategic locations in Canada
  • Launching a five-year, $5-million program to market Canada’s FTZ advantage and attract foreign investment to strategic locations across Canada

For more information, contact a professional with KPMG’s Trade & Customs practice:

Douglas Zuvich

(312) 665-1022

Andrew Siciliano

(631) 425-6057

John L. McLoughlin

(267) 256-2614

Todd R. Smith

(949) 885-5617

Luis A. Abad

(212) 954-3094

Amie Ahanchian

(202) 533-3247

Or your local KPMG Trade & Customs professional.

©2013 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

The KPMG logo and name are trademarks of KPMG International.

KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.

The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

Direct comments, including requests for subscriptions, to
For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.

Share this

Share this


Current and future KPMG clients may subscribe to TaxNewsFlash email alerts.

Email your contact information.

TaxNewsFlash-Trade & Customs by year