I had a buddy that did a similar purchase, he bought $2600 worth of household stuff down there with his spouse and was on the hook for $1000 ($2600 - $1600). The problem is that they are inconsistent in their rules. If it's really busy or you're really close to the exemption (but just over) they might just wave you through.
Another thing to consider is the warranty work. If you buy furniture from Ashley's in the US I'm not sure the warranty would be valid up here since you didn't buy it from Ashley's Canada. I'm drawing on an example a couple years ago of a couple I know who bought a Toyota vehicle in the US when our dollar was higher. They needed some warranty work done but had to go back down to the US to get it done because Toyota Canada wouldn't recognize it. Not sure if the same thing holds true for Ashley's. Might not be a big deal for some if you travel down often and it's close to home but for them it was about a 10 hour drive.
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