New duty-free limits for cross-border shoppers kicked in earlier this month. Hopefully that translates into Canadians making more trips south into New Hampshire for all those cheaper consumer goods.
Under changes introduced in the 2012 U.S. federal budget, the duty-free limit on visits of more than 24 hours quadrupled, rising from $50 to $200, effective June 1.
Any visit longer than 48 hours allows Canadians to return with duty-free goods worth up to $800. That’s an increase from the previous rules of $400 for up to a week, and $750 for longer than a week.
For stays of less than 24 hours, there’s no change: the allowance for duty-free goods remains at zero.
Combine the new duty free allowances with falling gas prices, and that makes for an attractive opportunity for our northern neighbors. Let’s hope that the Waterville Valley region sees lots of our northern neighbors spending their vacations here.