A closer look at Shopify’s multi-currency features in Canada
This article will go over how the multi-currency payments system works, how to set it up, and how you can use it with Wise to grow your business
Your guide to shipping products from the Philippines to Canada
Shipping goods to Canada from the Philippines can enhance your services, expand your horizons and grow your company – but the process can seem complicated. We've put together this guide to make things easier for your business requirements.
We take a look at everything you need to know to ship products from the Philippines to Canada, including required documentation and some of the best delivery services out there.
We’ll also take a look at how Wise can reduce your shipping costs, with transparent pricing and no exchange rate markups!
What is the essential know-how on exporting goods from the Philippines to Canada?
There are a few things to think about before exporting goods to Canada.
he Philippines National Trade Repository® requires you to get a permit before sending your first shipment.¹
You’ll also need to pay customs and duties for your export – and these costs can depend on the value, type, and weight of your goods. The Canadian government applies Goods and Services Tax (GST) to most products. This is set at 5%, but some shipments are exempt.²
If your goods are worth less than 3,300 CAD, informal clearing may apply. This policy exempts you from paying GST, but you may still need to pay taxes and duties on goods over 20 CAD.²
There are a few options for sending your goods to Canada, including Delivery Duty Unpaid (DDU) and Delivery Duty Paid (DDP). DDU assigns import costs like duty or taxes to the receiver, whereas you’ll pay all fees if you use DDP.³
What are the essential requirements for importing goods from the Philippines to Canada?
Properly pack your shipment before sending it. You’ll also need to declare its value for tax and import purposes.
In the Philippines, you need to register with the Client Profile Registration System® (CPRS) and the Bureau of Customs® (BOC) before sending your export. You’ll need to submit a few key documents, including:
- export declaration
- commercial invoice
- packing list¹
You may require additional documents or information for your shipment, including a bill of lading and an export license. Canada Border Services Agency® (CBSA) may require an insurance policy and customs declaration to import your goods into the country.²
Are there any restrictions on shipping goods from the Philippines to Canada?
There are some products you can’t export from the Philippines and you may need additional permits or licences for certain goods. For example, you need permission from the National Food Authority® in the Philippines if you want to export rice.²
Canada prohibits the import of certain goods and the CBSA doesn’t let companies import animals, plants or raw meat.²
Some couriers may also have their own restrictions on what you can or cannot send abroad. For example, UMAC Forwarders Express® prohibits the export of drugs, perishables, precious metals and currency.⁴
What are the typical costs of shipping goods from the Philippines to Canada?
You’ll have to pay a few fees for your shipment. These costs can depend on a number of factors, such as:
- weight of goods
- size and shape of goods
- insurance
- customs duty and import tax
The method you choose to send your shipment affects its cost. Land freight is typically cheaper than air freight – so you’ll need to think about how delivery fits into your budget.
You need to consider currency conversion costs when paying for your shipment in Philippine pesos (PHP).
Many banking providers add a markup to the standard mid-market exchange rate – meaning you could end up spending more than expected for your shipment.
International payments in the SWIFT network may require you to pay intermediary bank fees and these costs can add up!
How to reduce costs on transactions between the Philippines and Canada
Reduce costs between CAD and PHP with the Wise business account!
You can use Wise’s business account to send money to over 160 countries including the Philippines, Japan, the United States, India and more!.
You could also use the Wise business account to:
- use account details in 19 currencies for a one time payment of 42 CAD
- set up automatic invoices
- send batch payments with security
- access a transparent pricing structure
You can pay your recipient in their local currency, reducing currency conversion costs and unexpected intermediary bank fees.
Wise always uses the mid-market exchange rate. This is the same rate you might see on Google. Pay without markups, hidden fees, and all that stress!
Enjoy complete peace of mind with Wise. You’ll get real-time notifications every time you make a payment – and you can save money on every shipment.
Click here to get your Wise account ?
Shipping companies for exporting from the Philippines to Canada
Let’s take a look at some popular shipping companies for exporting your goods to Canada, including the cheapest shipping from the Philippines to Canada.
CEVA Logistics
CEVA Logistics® specializes in corporate shipments for all company types, such as businesses in energy, healthcare, technology, and retail.⁵
CEVA Logistics offers a range of shipping services, including:
- air, ocean, road, and rail freight
- contract logistics
- project logistics
- CEVA Lead Logistics
- Finished Vehicle Logistics (FVL)
- customs brokerage⁵
You can find CEVA Logistics offices across Canada, including Calgary, Ottawa, Lachine, Richmond, Winnipeg, and Mississauga.⁶
Yusen Logistics
Founded in 1955, Yusen Logistics® works with a range of businesses and companies across the world. The provider is best recommended for industries like aerospace, food, retail, automotive, healthcare and technology.⁷
You can access a range of services, including supply chain solutions, end-to-end transportation and warehousing and distribution.⁷
Let’s take a look at where you can find Yusen Logistics in the Philippines and Canada.
| Country | City/Province | Services Accessible |
|---|---|---|
| Philippines | Paranaque City |
|
| Cavite |
| |
| Pampanga |
| |
| Laguna |
| |
| Cebu |
| |
| Subic Bay Freeport Zone |
| |
| Clark Freeport Zone |
| |
| Davao City |
| |
| Canada | Toronto |
|
| Vancouver |
| |
| Montreal |
|
You can also use Yusen Vantage Focus to access digital shipping rates, quotes and bookings, including an advanced tracking system for all your shipments.⁹
UMAC Forwarders Express Inc.
UMAC Forwarders Express offers freight forwarding services in the Philippines, helping customers send shipments worldwide.
The delivery provider specializes in Balikbayan box deliveries. This is a corrugated box often used to send items overseas to and from the Philippines.¹⁰
You can access UMAC Forwarders Express branch locations across the Philippines and Canada. Let’s take a closer look.
| Country | City | Services Accessible |
|---|---|---|
| Philippines | Marikina City |
|
| Canada | Toronto |
|
| Delta |
| |
| Winnipeg |
| |
| Edmonton |
| |
| Calgary |
|
It’s important to note that you can’t send more than a dozen commercial goods at once with UMAC Forwarders, so this service may be best suited to smaller shipments.⁴
Essential local know-how when shipping from the Philippines to Canada
Your shipping company may not deliver on certain public or regional holidays and you’ll need to build these delays into your delivery times.
This may include holidays like Good Friday and Labour Day. Some provinces also celebrate additional holidays, such as Family Day. These dates may or may not impact the delivery of your goods, so be sure to check with your shipping company.
If you need your goods on a specific date, make sure to think about how weekends and holidays will impact your shipment.
Conclusion
Shipping goods abroad can help your business reach new customers and secure unexplored frontiers.
Make sure to apply for the necessary permits and licences for your shipment – and always look into any fees and duties you’ll need to pay before importing your goods.
To start reducing your shipping costs today, check out Wise.
Sources
- Philippines Customs
- DHL
- Jet Worldwide - Shipping parcels from the Philippines to Canada
- UMAC Forwarder Express - Prohibited items
- CEVA Logistics - Services
- CEVA Logistics - Contact
- Yusen Logistics - Global Logistics
- Yusen Logistics - Branches
- Yusen Logistics - Yunsen Vantage focus
- UMAC Forwarder Express - Services
- UMAC Forwarder Express - Branches
Sources verified on 25 June 2024
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
Money without borders
Find out more
Choosing between BMO’s eBusiness Plan and RBC’s Digital Choice Business Account? Here’s your guide
Choose between the BMO eBusiness Plan and RBC Digital Choice Business account with this guide. We'll also look at Wise as a great business alternative
Your guide to using WooCommerce multi-currency payments in Canada
We’ll be taking a closer look at how to activate WooPayments, its key features, as well as how you can use a Wise Business account to grow your business
A closer look at the BMO USD business account in Canada
Discover whether the BMO USD Business account would be the right one for your business. Alternatively, you could use Wise for your international business needs
Is HSBC no longer in Canada? Here are some business alternatives
This guide introduces you to alternatives to HSBC in Canada for businesses. Choose from a wide variety of alternatives presented in our guide
Your guide to using Quickbooks with multiple currencies in Canada
Our guide explains how to use the Quickbooks multicurrency feature, while introducing you to a multicurrency account that might suit your needs!
