Finance Updates
Customs & Shipping Updates, 2 Notices
Procurement/ Payables Aug 29 2025 - 11:23De minimis exemption for shipments going IN to the United States
As of August 29th, 2025, shipments going into the US with a customs value of under $800 will be subject to duties and taxes, in the past these shipments were exempt.
Duties and taxes are assessed based on declared value, country of origin and the Harmonized System (HS) code.
It is...
Important Changes regarding DHL Express services to and from Canada
Procurement/ Payables Jun 23 2025 - 08:57Provincial Procurement Restriction Policy Re: US Suppliers
Procurement/ Payables May 30 2025 - 11:39May 29, 2025
The provincial government has issued a Procurement Restriction Policy that applies to the University. The purpose of the policy is to restrict US businesses from accessing public sector procurements in Ontario, as a response to US tariffs on Canadian products and services.
To determine whether a supplier is either a US business or a BOBI supplier, please have...
Potential Canada Post Strike - Credit Card Holders
Procurement/ Payables May 13 2025 - 14:35Potential Canada Post Strike – Credit Cardholders
Canada Post will be in position to strike as of May 22nd, 2025 posing the risk of a second Canada Post strike.
Travel Card (TCard) and Purchasing Card (PCard) paper statement delivery could be disrupted. Cardholders are responsible for paying charges to the TCard and reconciling charges to the...
Provincial Procurement Restriction Policy
Procurement/ Payables Apr 9 2025 - 13:08Provincial Procurement Restriction Policy
April 9, 2025
The provincial government has issued a Procurement Restriction Policy, in effect as of April 4th. The purpose of the policy is to restrict US businesses from accessing public sector procurements in Ontario, as a response to US tariffs on Canadian products and services.
Purchasing Services...
University Fiscal Year-End, April 30, 2025
Controller's Office Apr 8 2025 - 10:40The following information relates to the University’s April 30, 2025 year-end procedures. These procedures apply to operating and ancillary departments, OMAFRA, grants (regardless of the Grant’s individual year-end date) and capital and renovation projects. By complying with the following deadlines and procedures, you will be ensuring the completeness and accuracy of the...
TARIFFS UPDATE – Validation of correct tariffs
Procurement/ Payables Mar 27 2025 - 14:07Suppliers have started to provide quotes including tariff charges, in some cases inappropriately. In order to validate whether a product or service is actually subject to a tariff surcharge, you should request the Harmonized Schedule (HS) code for the product. This coding is part of an international system used to classify traded products to assess tariffs and taxes. If the tariff is...
UPDATE – New Tariffs as of March 13, 2025
Procurement/ Payables Mar 13 2025 - 10:49NEW LIST OF IMPACTED GOODS
A new list of goods subject to tariffs coming from the US has been implemented as of Mar 13. The new list can be found at the following link. A reminder that it is...
Tariffs on Incoming Goods from the United States - March 5, 2025
Procurement/ Payables Mar 4 2025 - 10:01UPDATE – General Information About Tariffs When making purchases for goods coming from the US, please keep the following information in mind; For the tariffs that came into effect Mar 4, there is a very specific list of products impacted, not all goods shipping from the US are covered New tariffs could be imposed any time, and current ones can be removed, the situation is very fluid right now...