Question 1

How should I prepare for a tax audit?

Accepted Answer

Timely filing and payment, along with meticulous record-keeping, typically ensure a smooth audit process. However, anticipating a substantial refund can strain your cash flow, as processing may take 3-6 months and delay subsequent claims. Your accountant can offer guidance, and Translantic is here to assist as needed.

Question 2

What are the differences between cars from Canada, the USA, and Mexico?

Accepted Answer

The differences depend on the specific model. The same trim name can have different specifications between these three countries. Details can be found on manufacturer websites. The best way to determine the exact build is to obtain a country-specific window sticker and photos to visually validate that the desirable features are included.

Question 3

What taxes am I required to remit to the CRA?

Accepted Answer

You are responsible for paying the net difference between the sales taxes you collect and those you pay. Maintaining accurate records of all transactions is essential, and your accountant can assist with this. Translantic is also available to provide support in this area.

Question 4

Where can I find vehicle recall information?

Accepted Answer

You can find recall information at these official sources:

• Canada: https://tc.canada.ca/en/road-transportation/defects-recalls-vehicles-tires-child-car-seats/stay-informed-about-recalls-vehicles-tires-child-car-seats

• USA: https://www.nhtsa.gov/recalls

Question 5

Do you source cars from countries other than Canada?

Accepted Answer

Yes, with over 40 years in this industry, our team has a global network of suppliers. Most commonly we help our clients source vehicles in Canada, USA, and Mexico, but over the last 5 years we have experienced growth in UAE and China as alternative sources.

Question 6

What amount should I invoice to Translantic?

Accepted Answer

Please provide an invoice that includes your intended profit and clearly itemizes the applicable sales taxes.

Question 7

Do you require deposits?

Accepted Answer

Yes, typical transactions require a deposit. The value of the deposit varies based on the model, destination, and track record of the customer.

Question 8

Can I select who the consignee is on the bill of lading?

Accepted Answer

Yes, you can enter your preferred consignee in your Account Profile. Note that if the vehicle is not paid for in full prior to the bill of lading being finalized, it must be made out TO ORDER or consigned to one of our approved import forwarders to control the shipment until payment is complete.

Question 9

When do I have to pay for a car?

Accepted Answer

Payment terms depend on the agreed-upon terms and the service we're offering. Cars are released after receipt of payment. If the destination is a location where we can easily control the shipment, we're able to finance the majority of the balance during shipment at a rate of 0.075% per day.

Question 10

Do you sell both new and used cars?

Accepted Answer

Yes, we sell both new and used cars. Please provide details of the car you're looking for. Typically, used cars are selected by our clients by sharing a link during their request.

Question 11

Does Translantic cover Canadian sales taxes?

Accepted Answer

For first-time out-of-province transactions, it's advisable to consult with us directly. Generally, we cover most sales taxes, excluding Quebec's QST, due to the province's less effective export tax refund programs. We primarily focus on HST and GST provinces to mitigate challenges associated with provincial sales tax programs.

Question 12

How do I buy a vehicle on Globomoto?

Accepted Answer

Buying a vehicle on Globomoto is simple: 1) Browse our marketplace or use the map to find vehicles worldwide. 2) Click on a vehicle to view full details and photos. 3) Use the 'Contact Seller' button to inquire about the vehicle. 4) Get a shipping estimate using our AI-powered logistics calculator. 5) Negotiate terms directly with the seller and complete your purchase.

Question 13

What currencies are supported?

Accepted Answer

Globomoto supports multiple currencies including USD, CAD, EUR, GBP, AED, JPY, and NGN. You can switch currencies at any time using the currency selector. All prices are converted using indicative exchange rates that are updated daily. Final transaction amounts should be confirmed with the seller.

Question 14

How is shipping cost calculated?

Accepted Answer

Our AI-powered shipping estimator calculates costs based on: 1) Distance from vehicle location to your destination 2) Land transport (trucking) costs to the nearest port 3) Sea freight rates between port pairs 4) Import destination trucking costs. Please note these are estimates only - actual shipping quotes may vary based on current market conditions.

Question 15

What is FCA and what does the Incoterm mean?

Accepted Answer

FCA (Free Carrier) is an international trade term meaning the seller delivers the vehicle to a named location (usually their city). At that point, risk transfers to the buyer. For example, 'FCA Toronto' means the vehicle is available for pickup in Toronto, and the buyer is responsible for transportation from there.

Question 16

How do I become a seller on Globomoto?

Accepted Answer

To sell vehicles on Globomoto: 1) Create an account and complete your profile 2) Contact our team to upgrade to a seller account 3) Once approved, you can list vehicles with photos, specifications, and pricing 4) Set your location and the system will automatically generate the appropriate Incoterm 5) Manage inquiries and track your listings from your dashboard.

Question 17

Is there buyer protection or insurance available?

Accepted Answer

Yes, Globomoto offers optional insurance coverage at 0.25% of the vehicle price. This provides protection during the transaction process. When viewing a vehicle, you can add insurance by checking the insurance option, and it will be included in your total. We recommend all international buyers consider this protection.

Question 18

Can I buy a vehicle in Canada tax-free if I am exporting it?

Accepted Answer

Yes. Vehicles exported outside Canada can be zero-rated for GST/HST purposes if the transaction is structured correctly. Translantic Trading specializes in structuring purchases so that tax does not need to be paid upfront — saving international buyers thousands of dollars. The key is to establish export intent before purchase and complete proper export documentation.

Question 19

Can a foreign buyer recover Canadian HST after the fact?

Accepted Answer

Yes, it is possible to file for a GST/HST rebate after purchase using CRA forms GST189 or GST498. However, this process can take 4–6 months and requires extensive documentation including proof of export. It is often faster and safer to structure the purchase as zero-rated from the start. Translantic helps clients avoid the need to claim back tax at all by structuring transactions correctly before purchase.

Question 20

Do I need a Canadian company to export vehicles tax-free?

Accepted Answer

Not necessarily. Translantic can assist foreign buyers in structuring tax-efficient exports without the need to incorporate a Canadian entity. Our team handles the paperwork, compliance, and export documentation on your behalf. Many of our international clients purchase and export vehicles with zero Canadian tax liability without any Canadian corporate presence.

Question 21

What is zero-rating and how does it apply to exported vehicles?

Accepted Answer

Under Schedule VI of Canada's Excise Tax Act, exported goods including motor vehicles can be zero-rated, meaning GST/HST is charged at 0% rather than the standard 5–15%. To qualify, the vehicle must be exported within a specific timeframe (typically 60 days), the transaction must be properly documented with export intent established before purchase, and a B13A Canada Customs Export Declaration must be filed. Translantic manages this entire process.

Question 22

How much can I save by structuring a zero-rated vehicle export?

Accepted Answer

GST is 5% federally, and HST ranges from 13% in Ontario to 15% in Nova Scotia. On a $100,000 vehicle purchased in Ontario, that is $13,000 in potential tax savings. On a $200,000 vehicle, savings reach $26,000. For buyers purchasing multiple vehicles or high-value inventory, the cumulative savings are substantial. Contact Translantic for a custom savings calculation based on your purchase.

Question 23

What documentation is required to export a vehicle from Canada tax-free?

Accepted Answer

Key documents include: a bill of sale reflecting export intent, proof of export (B13A Canada Customs Export Declaration or AES filing), the vehicle's certificate of title, and in some cases a letter of undertaking confirming the buyer will export within 60 days. Translantic manages all export documentation for our clients, ensuring CRA compliance and a smooth export process.

Question 24

How does vehicle export finance work with Translantic?

Accepted Answer

Translantic offers finance options for exported vehicles where a daily interest rate accrues on the outstanding balance from a finance start date until the balance is paid. This allows buyers to take delivery and arrange funds according to their export timeline. Finance terms are structured per order and currency. Contact our team for current rates and terms applicable to your purchase.

Frequently Asked Questions

Selling5

Buying12

Safety & Verification2

Shipping4

Currency1

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