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  Paid a Tariff When Importing to Canada? Here's What You Should Know!That tariff might not be money lost. If you're a business — or even an individual using the item for work — you may be able to deduct it or claim it as part of your cost basis at tax time. Business use? Claim it as a deductible expense.Capital equipment? Add to your asset's value for depreciation.Freelancing or using it for income? It might be deductible.Personal use only? Likely not eligible. As always, con …