Posted: Sat Sep 27, 2008 3:11 pm-
The exempt limit is $60 per transferee, i.e. you can buy various people gifts, but each gift(s) is only tax-free up to $60 per person. Over that you would have to pay GST and import duty on the value over $60.
If you say it's for your personal use you have to take it out with you when you leave. You don't benefit from the amounts for Canadian residents obviously.
The idea behind the $60 limit is that in the US it's $50, and at the time that limit was adopted the exchange rate made it $60 in Canada.
At the moment though you'd probably be paying GST and duty on around $145 given the exchange rate.
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Steve.