GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
the ratios are applied to the units of Material A remaining in materials inventory after the shipment: 1,584 units (2,400 units × 0.66) are considered to be originating materials and 816 units (2,400 units × 0.34) are considered to be non-originating materials;
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
(3) before the shipment of the 1,000 units of Material A on 01/20/21, the ratio of units of originating Material A to total units of Material A in materials inventory was 36% (1,584 units ÷ 4,400 units) and the ratio of units of non-originating Material A to total units of Material A in materials inventory was 64% (2,816 units ÷ 4,400 units); based on those ratios, 360 units (1,000 units × 0.36) of originating Material A and 640 units (1,000 units × 0.64) of non-originating Material A are considered to have been used in the production of the 1,000 units of Good A shipped on 01/20/21; therefore, the value of non-originating Material A used in the production of those goods is considered to be $684.80 [1,000 units × $1.07 (average unit value) × 64%]; and those ratios are applied to the units of Material A remaining in materials inventory after the shipment: 1,224 units (3,400 units × 0.36) are considered to be originating materials and 2,176 units (3,400 units × 0.64) are considered to be non-originating materials; and
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
based on those ratios, 360 units (1,000 units × 0.36) of originating Material A and 640 units (1,000 units × 0.64) of non-originating Material A are considered to have been used in the production of the 1,000 units of Good A shipped on 01/20/21; therefore, the value of non-originating Material A used in the production of those goods is considered to be $684.80 [1,000 units × $1.07 (average unit value) × 64%]; and
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
those ratios are applied to the units of Material A remaining in materials inventory after the shipment: 1,224 units (3,400 units × 0.36) are considered to be originating materials and 2,176 units (3,400 units × 0.64) are considered to be non-originating materials; and
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
(4) before the shipment of the 900 units of Good A on 01/23/21, the ratio of units of originating Material A to total units of Material A in materials inventory was 36% (1,224 units ÷ 3,400 units) and the ratio of units of non-originating Material A to total units of Material A in materials inventory was 64% (2,176 units ÷ 3,400 units); based on those ratios, 324 units (900 units × 0.36) of originating Material A and 576 units (900 units × 0.64) of non-originating Material A are considered to have been used in the production of the 900 units of Good A shipped on 01/23/21; therefore, the value of non-originating Material A used in the production of those goods is considered to be $616.32 [900 units × $1.07 (average unit value) × 64%]; those ratios are applied to the units of Material A remaining in materials inventory after the shipment: 900 units (2,500 units × 0.36) are considered to be originating materials and 1,600 units (2,500 units × 0.64) are considered to be non-originating materials.
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
based on those ratios, 324 units (900 units × 0.36) of originating Material A and 576 units (900 units × 0.64) of non-originating Material A are considered to have been used in the production of the 900 units of Good A shipped on 01/23/21; therefore, the value of non-originating Material A used in the production of those goods is considered to be $616.32 [900 units × $1.07 (average unit value) × 64%];
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
those ratios are applied to the units of Material A remaining in materials inventory after the shipment: 900 units (2,500 units × 0.36) are considered to be originating materials and 1,600 units (2,500 units × 0.64) are considered to be non-originating materials.
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
Example 4: Average method Good A is subject to an applicable regional value content requirement. Producer A is using the net cost method and is averaging over a period of one month under paragraph 7 (15)(a) of these Regulations to determine the regional value content of Good A. By applying the average method, the ratio of units of originating Material A to total units of Material A in materials inventory for January 2021 is 40.4% (2,100 units ÷ 5,200 units); based on that ratio, 1,091 units (2,700 units × 0.404) of originating Material A and 1,609 units (2,700 units − 1,091 units) of non-originating Material A are considered to have been used in the production of the 2,700 units of Good A shipped in January 2021; therefore, the value of non-originating materials used in the production of those goods is considered to be $0.64 per unit [$5,560 (total value of Material A in materials inventory) ÷ 5,200 (units of Material A in materials inventory) = $1.07 (average unit value) × (1 − 0.404)] or $1,728 ($0.64 × 2,700 units); and that ratio is applied to the units of Material A remaining in materials inventory on January 31, 2021: 1,010 units (2,500 units × 0.404) are considered to be originating materials and 1,490 units (2,500 units − 1,010 units) are considered to be non-originating materials.
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
Good A is subject to an applicable regional value content requirement. Producer A is using the net cost method and is averaging over a period of one month under paragraph 7 (15)(a) of these Regulations to determine the regional value content of Good A.
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
By applying the average method, the ratio of units of originating Material A to total units of Material A in materials inventory for January 2021 is 40.4% (2,100 units ÷ 5,200 units); based on that ratio, 1,091 units (2,700 units × 0.404) of originating Material A and 1,609 units (2,700 units − 1,091 units) of non-originating Material A are considered to have been used in the production of the 2,700 units of Good A shipped in January 2021; therefore, the value of non-originating materials used in the production of those goods is considered to be $0.64 per unit [$5,560 (total value of Material A in materials inventory) ÷ 5,200 (units of Material A in materials inventory) = $1.07 (average unit value) × (1 − 0.404)] or $1,728 ($0.64 × 2,700 units); and that ratio is applied to the units of Material A remaining in materials inventory on January 31, 2021: 1,010 units (2,500 units × 0.404) are considered to be originating materials and 1,490 units (2,500 units − 1,010 units) are considered to be non-originating materials.
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
the ratio of units of originating Material A to total units of Material A in materials inventory for January 2021 is 40.4% (2,100 units ÷ 5,200 units);
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
based on that ratio, 1,091 units (2,700 units × 0.404) of originating Material A and 1,609 units (2,700 units − 1,091 units) of non-originating Material A are considered to have been used in the production of the 2,700 units of Good A shipped in January 2021; therefore, the value of non-originating materials used in the production of those goods is considered to be $0.64 per unit [$5,560 (total value of Material A in materials inventory) ÷ 5,200 (units of Material A in materials inventory) = $1.07 (average unit value) × (1 − 0.404)] or $1,728 ($0.64 × 2,700 units); and
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
that ratio is applied to the units of Material A remaining in materials inventory on January 31, 2021: 1,010 units (2,500 units × 0.404) are considered to be originating materials and 1,490 units (2,500 units − 1,010 units) are considered to be non-originating materials.
CUSMA Rules of Origin Regulations — 1
The following examples are based on the figures set out in the table below and on the assumption that Exporter A acquires originating Good A and non-originating Good A that are fungible goods and physically combines or mixes Good A before exporting those goods to the buyer of those goods. Finished Goods Inventory Sales (Receipts of Good A) (Shipments of Good A) Date Quantity Quantity (m/d/y) (units) (units) 12/18/20 100 (O 1 ) 12/27/20 100 (N 2 ) 01/01/21 200 (OI 3 ) 01/01/21 1,000 (O) 01/05/21 1,000 (N) 01/10/21 100 01/10/21 1,000 (O) 01/15/21 700 01/16/21 2,000 (N) 01/20/21 1,000 01/23/21 900 1 “O” denotes originating goods. 2 “N” denotes non-originating goods. 3 “OI” denotes opening inventory.
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
Example 1: FIFO method By applying the FIFO method, (1) the 100 units of originating Good A in opening inventory that were received in finished goods inventory on 12/18/20 are considered to be the 100 units of Good A shipped on 01/10/21; (2) the 100 units of non-originating Good A in opening inventory that were received in finished goods inventory on 12/27/20 and 600 units of the 1,000 units of originating Good A that were received in finished goods inventory on 01/01/21 are considered to be the 700 units of Good A shipped on 01/15/21; (3) the remaining 400 units of the 1,000 units of originating Good A that were received in finished goods inventory on 01/01/21 and 600 units of the 1,000 units of non-originating Good A that were received in finished goods inventory on 01/05/21 are considered to be the 1,000 units of Good A shipped on 01/20/21; and (4) the remaining 400 units of the 1,000 units of non-originating Good A that were received in finished goods inventory on 01/05/21 and 500 units of the 1,000 units of originating Good A that were received in finished goods inventory on 01/10/21 are considered to be the 900 units of Good A shipped on 01/23/21.
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
By applying the FIFO method, (1) the 100 units of originating Good A in opening inventory that were received in finished goods inventory on 12/18/20 are considered to be the 100 units of Good A shipped on 01/10/21; (2) the 100 units of non-originating Good A in opening inventory that were received in finished goods inventory on 12/27/20 and 600 units of the 1,000 units of originating Good A that were received in finished goods inventory on 01/01/21 are considered to be the 700 units of Good A shipped on 01/15/21; (3) the remaining 400 units of the 1,000 units of originating Good A that were received in finished goods inventory on 01/01/21 and 600 units of the 1,000 units of non-originating Good A that were received in finished goods inventory on 01/05/21 are considered to be the 1,000 units of Good A shipped on 01/20/21; and (4) the remaining 400 units of the 1,000 units of non-originating Good A that were received in finished goods inventory on 01/05/21 and 500 units of the 1,000 units of originating Good A that were received in finished goods inventory on 01/10/21 are considered to be the 900 units of Good A shipped on 01/23/21.
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
(1) the 100 units of originating Good A in opening inventory that were received in finished goods inventory on 12/18/20 are considered to be the 100 units of Good A shipped on 01/10/21;
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
(2) the 100 units of non-originating Good A in opening inventory that were received in finished goods inventory on 12/27/20 and 600 units of the 1,000 units of originating Good A that were received in finished goods inventory on 01/01/21 are considered to be the 700 units of Good A shipped on 01/15/21;
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
(3) the remaining 400 units of the 1,000 units of originating Good A that were received in finished goods inventory on 01/01/21 and 600 units of the 1,000 units of non-originating Good A that were received in finished goods inventory on 01/05/21 are considered to be the 1,000 units of Good A shipped on 01/20/21; and
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
(4) the remaining 400 units of the 1,000 units of non-originating Good A that were received in finished goods inventory on 01/05/21 and 500 units of the 1,000 units of originating Good A that were received in finished goods inventory on 01/10/21 are considered to be the 900 units of Good A shipped on 01/23/21.
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
Example 2: LIFO method By applying the LIFO method, (1) 100 units of the 1,000 units of non-originating Good A that were received in finished goods inventory on 01/05/21 are considered to be the 100 units of Good A shipped on 01/10/21; (2) 700 units of the 1,000 units of originating Good A that were received in finished goods inventory on 01/10/21 are considered to be the 700 units of Good A shipped on 01/15/21; (3) 1,000 units of the 2,000 units of non-originating Good A that were received in finished goods inventory on 01/16/21 are considered to be the 1,000 units of Good A shipped on 01/20/21; and (4) 900 units of the remaining 1,000 units of non-originating Good A that were received in finished goods inventory on 01/16/21 are considered to be the 900 units of Good A shipped on 01/23/21.
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
By applying the LIFO method, (1) 100 units of the 1,000 units of non-originating Good A that were received in finished goods inventory on 01/05/21 are considered to be the 100 units of Good A shipped on 01/10/21; (2) 700 units of the 1,000 units of originating Good A that were received in finished goods inventory on 01/10/21 are considered to be the 700 units of Good A shipped on 01/15/21; (3) 1,000 units of the 2,000 units of non-originating Good A that were received in finished goods inventory on 01/16/21 are considered to be the 1,000 units of Good A shipped on 01/20/21; and (4) 900 units of the remaining 1,000 units of non-originating Good A that were received in finished goods inventory on 01/16/21 are considered to be the 900 units of Good A shipped on 01/23/21.
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
(1) 100 units of the 1,000 units of non-originating Good A that were received in finished goods inventory on 01/05/21 are considered to be the 100 units of Good A shipped on 01/10/21;
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
(2) 700 units of the 1,000 units of originating Good A that were received in finished goods inventory on 01/10/21 are considered to be the 700 units of Good A shipped on 01/15/21;
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
(3) 1,000 units of the 2,000 units of non-originating Good A that were received in finished goods inventory on 01/16/21 are considered to be the 1,000 units of Good A shipped on 01/20/21; and
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
(4) 900 units of the remaining 1,000 units of non-originating Good A that were received in finished goods inventory on 01/16/21 are considered to be the 900 units of Good A shipped on 01/23/21.
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
Example 3: Average method Exporter A chooses to determine the origin of Good A on a monthly basis. Exporter A exported 3,000 units of Good A during the month of February 2021. The origin of the units of Good A exported during that month is determined on the basis of the preceding month, that is, January 2021. By applying the average method, the ratio of originating goods to all goods in finished goods inventory for the month of January 2021 is 40.4% (2,100 units ÷ 5,200 units); based on that ratio, 1,212 units (3,000 units × 0.404) of Good A shipped in February 2021 are considered to be originating goods and 1,788 units (3,000 units − 1,212 units) of Good A are considered to be non-originating goods; and that ratio is applied to the units of Good A remaining in finished goods inventory on January 31, 2021: 1,010 units (2,500 units × 0.404) are considered to be originating goods and 1,490 units (2,500 units − 1,010 units) are considered to be non-originating goods.
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
Exporter A chooses to determine the origin of Good A on a monthly basis. Exporter A exported 3,000 units of Good A during the month of February 2021. The origin of the units of Good A exported during that month is determined on the basis of the preceding month, that is, January 2021.
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
By applying the average method, the ratio of originating goods to all goods in finished goods inventory for the month of January 2021 is 40.4% (2,100 units ÷ 5,200 units); based on that ratio, 1,212 units (3,000 units × 0.404) of Good A shipped in February 2021 are considered to be originating goods and 1,788 units (3,000 units − 1,212 units) of Good A are considered to be non-originating goods; and that ratio is applied to the units of Good A remaining in finished goods inventory on January 31, 2021: 1,010 units (2,500 units × 0.404) are considered to be originating goods and 1,490 units (2,500 units − 1,010 units) are considered to be non-originating goods.
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
the ratio of originating goods to all goods in finished goods inventory for the month of January 2021 is 40.4% (2,100 units ÷ 5,200 units);
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
based on that ratio, 1,212 units (3,000 units × 0.404) of Good A shipped in February 2021 are considered to be originating goods and 1,788 units (3,000 units − 1,212 units) of Good A are considered to be non-originating goods; and
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
that ratio is applied to the units of Good A remaining in finished goods inventory on January 31, 2021: 1,010 units (2,500 units × 0.404) are considered to be originating goods and 1,490 units (2,500 units − 1,010 units) are considered to be non-originating goods.
CUSMA Rules of Origin Regulations — 1
 a fixed-rate contract, by the original amount of the loan, or (ii) in the case of a variable-rate contract, by the principal balance at the beginning of the interest rate period for which the weighted principal payments were calculated, and (b) rounding the amount determined under paragraph (a) to the nearest single decimal place and, where that amount is the midpoint between two such numbers, to the greater of those two numbers. ( échéance moyenne pondérée applicable au principal ) weighted principal payment means, (a) with respect to fixed-rate contracts, the amount determined by multiplying each principal payment under the contract by the number of years, or portion of years, between the date the producer entered into the contract and the date of that principal payment; and (b) with respect to variable-rate contracts (i) the amount determined by multiplying each principal payment made during the current interest rate period by the number of years, or portion of years, between the beginning of that interest rate period and the date of that payment, and (ii) the amount equal to the outstanding principal owing, but not necessarily due, at the end of the current interest rate period, multiplied by the number of years, or portion of years, between the beginning and the end of that interest rate period. ( paiement de principal pondéré )
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
fixed-rate contract means a loan contract, installment purchase contract or other financing agreement in which the interest rate remains constant throughout the life of the contract or agreement. ( contrat à taux fixe )
CUSMA Rules of Origin Regulations — (a)
interest rate issued by the federal government means (a) in the case of a producer located in Canada, the weekly average of the yield for federal government debt obligations set out in the Bank of Canada’s Daily Digest , (i) if the interest rate is adjusted at intervals of less than one year, under the title “Treasury Bills – 1 Month”, and (ii) in any other case, under the title “Government of Canada benchmark bond yields – 3 Year” for the week that the producer entered into the contract or the week of the most recent interest rate adjustment date, if any, under the contract; (b) in the case of a producer located in Mexico, the yield for federal government debt obligations published by the Banco de Mexico under the title “Certificados de la Tesoreria de la Federacion” for the week that the producer entered into the contract or the week of the most recent interest rate adjustment date, if any, under the contract; and (c) in the case of a producer located in the United States, the yield for federal government debt obligations set out in the Federal Reserve statistical release (H.15) Selected Interest Rates (i) if the interest rate is adjusted at intervals of less than one year, under the title “U.S. government securities, Treasury bills, secondary market”, and (ii) in any other case, under the title “U.S. Government Securities, Treasury constant maturities” for the week that the producer entered into the contract or the week of the most recent interest rate adjustment date, if any, under the contract. ( taux d’intérêt fixé par le gouvernement fédéral)
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
linear interpolation means, with respect to the interest rate issued by the federal government, the application of the following formula: A + [((B - A) × (E - D)) ÷ (C - D)] where A is the interest rate issued by the federal government on debt obligations that are nearest in maturity but of shorter maturity than the weighted average principal maturity of the payment schedule under the fixed-rate contract or variable-rate contract to which they are being compared; B is the interest rate issued by the federal government on debt obligations that are nearest in maturity but of greater maturity than the weighted average principal maturity of that payment schedule; C is the maturity of federal government debt obligations that are nearest in maturity but of greater maturity than the weighted average principal maturity of that payment schedule; D is the maturity of federal government debt obligations that are nearest in maturity but of shorter maturity than the weighted average principal maturity of that payment schedule; and E is the weighted average principal maturity of that payment schedule. ( interpolation linéaire )
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
payment schedule means the schedule of payments, whether on a weekly, bi-weekly, monthly, yearly or other basis, of principal and interest, or any combination thereof, made by a producer to a lender in accordance with the terms of a fixed-rate contract or variable-rate contract. ( échéancier )
CUSMA Rules of Origin Regulations — CUSMA Rules of Origin Regulations
variable-rate contract means a loan contract, installment purchase contract or other financing agreement in which the interest rate is adjusted at intervals during the life of the contract or agreement in accordance with its terms. ( contrat à taux variable )