Import Fee's ?

I haven't personally done this but I know the previous owner of my car imported my 1974 GT4 b he told me it was about $900 for the import fees.
Year of manufacture will determine allot.
I can't imagine it will cost $5000 the law states;

http://www.tc.gc.ca/roadsafety/safevehicles/importation/usa/vafus/list2/FERRARI____see_notes_.htm

1995 TO 1999 Until September 1, 1999: All U.S. Ferrari models (Modifications to tether anchorages for child restraints may be required. Please verify with manufacturer)>

1999 TO 2009 After September 1, 1999: All U.S.A. specifications Ferrari vehicles are admissible in Canada.

2010 AND 2011 All models [EIS] See notes

See explanations section.

Ferrari North America, Inc. requires that importers contact an authorized Canadian Ferrari dealership to determine exact nature and costs of modifications and specifies that ALL modifications MUST be performed by an authorized Canadian Ferrari dealership.

For recall letter, contact Ferrari North America, Inc. in U.S.A. at 1-201-816-2600 after vehicle inspection. Modifications must be performed by an authorized Canadian Ferrari dealership.

For Ferrari dealership information, please visit www.ferrariusa.com

#: See paragraph 8 of explanations section.

[EIS]: See explanations section, paragraphs #4 and #9.

http://www.tc.gc.ca/roadsafety/safevehicles/importation/usa/vafus/list2/Explanations.htm

Full site
http://www.tc.gc.ca/eng/roadsafety/safevehicles-importation-usa-index-445.htm

 

I've never heard of a 6% exotic car fee. There is a 6% fee if the car is made outside Canada or the USA. I know it is all related to the VIN. Example is if you buy a Honda CRV in the states. You have to check the VIN to see if it's made in the Japanese plant, or one in the USA. If it's made in the Japanese plant then you pay the 6% tax. I didn't think it had anything to do with it being exotic. I paid that tax when I brought a Mini Cooper S from Miami to here.

 

Probably excise tax.

 

There are lots of threads on this subject so a simple search will yield the answer to all of your questions.

One thing that has never been made clear is that you are technically responsible for the 6.1% import duty on the amount of the car made out of the US or Mexico. As an example a Mercedes ML is built in Georgia but the engine comes from Germany. The window sticker will show a % split between NAFTA and non NAFTA percent of the vehicle and it is the non NAFTA percent you pay the duty on. That is the theory. In practice they just look at where the car was made and in the case of the MB it would come in duty free.