Document background
An International Invoice is a fundamental document in cross-border trade transactions involving Canadian businesses. It serves as an official request for payment and a crucial document for tax, customs, and regulatory compliance. The document must comply with Canadian federal legislation (including the Excise Tax Act and Customs Act) and relevant provincial requirements, while also meeting international trade standards. It's essential for documenting international sales, supporting customs clearance, establishing proof of transaction for tax purposes, and facilitating international payments. The invoice includes detailed information about the seller and buyer, comprehensive product or service descriptions, pricing, tax calculations, payment terms, and shipping details. This document type is particularly important for Canadian businesses engaged in export activities, as it helps ensure compliance with both domestic and international trade requirements.
