I was a US resident from 2000-2007. I moved back to Canada for work but was engaged as was going to move back to the US last month. So I left a lot of goods down in the states including my Van because I had undergound parking in Montreal and it wouldn't fit. I ended up breaking up with my Fiancee and now am trying to get my stuff back to Canada.
My question is about the importing of the van back.
A few details
I bought the Volkswagen Vanagon in 2004 for $4K. I did a lot of work on it $22K+/- a $1K in the US. I had it appraised and was surprised to get an appraisal back of around $40k. I don't think it is worth quite that much. More around $30k. I was wondering about the import. I spoke with the customs officials in Montreal and they said I could bring back my stuff as if I had declared them on the "Items to be coming later" or what not form. They mentioned there is a cap of $10k for items to be brought back. Also the taxes would have to be paid on the items worth more than $10k. I was wondering why this is. It's seems a little steep to have someone pay tax twice. And duty if it is a personal item. Would it be easier just to try and sell it?
Anyone have any experience with this. I read a few other posts and there seemed to be confusion over the $10k cap.
Thanks



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