You can also self-clear, which is cheaper since you won't pay a brokerage fee; FedEx (or other couriers) won't usually tell you about this option. Once you get notice the watch arrives, get all the details together, including Fed Ex Documentation, and go to your nearest CBSA office. Mine was a vintage piece so no duties owed, only 12% tax (GST/PST).
A new watch, however, like anything else is going to cost you both requisite taxes and import duty. Don't bullshit the CBSA officer at the booth. Tell them the truth. When I bought my first Speedy (returned it due to damage), the border agent was an Ultraman owner. He was super cool, appreciated my honesty and once inside I got a preferable rate of US/CDN exchange. Sure beats being red-flagged. That never goes away. And when it came time to apply for a refund to the paid duties and taxes (defective watches happen sometimes) I got every penny, and no hassle at all.
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