newboyo is correct.
If you are buying anything more than 35K you will save lots of money in buying from US.

I got a reply from Toyota Canda. The email has a lot of BS, but the bottomline is:
If you are able to buy a Toyota from US, you will get warranty coverage here.

Here is the email i recd from Toyota Canada:

-----Original Message-----
From: [mailto:toyota_feedback@toyota.ca]
Sent: Wednesday, October 17, 2007 8:49 AM
To:
Subject: RE: Warranty for Cars imported from US

Thank you for your recent email.

For your information, it is our understanding that Toyota dealerships in the U.S. are not authorized to sell Toyota motor vehicles to customers located outside the U.S. or to sell Toyota vehicles for re-sale or use outside the United States.

You may be interested to know also that Toyota vehicles distributed in the US and Canada may not have identical equipment or meet the same regulatory requirements. And when Toyota Canada considers equipment on Toyota vehicles for the Canadian market, we select certain options and features, on a model-by-model basis, that we believe are best suited for Canada s challenging climatic and driving conditions.

When a US vehicle is brought into Canada, the importer must ensure it complies with Canadian regulatory requirements, like mandatory daylight running lights, an appropriate vehicle immobilization system, etc. In addition, the costs to retrofit or modify a vehicle in order for it to be brought into Canada are the responsibility of the owner or person importing the vehicle.

For further information on importing a vehicle to Canada, we suggest you visit the website of The Registrar of Imported Vehicles (a division of Transport Canada). The address is as follows: http://www.riv.ca" rel="nofollow">LINK . If you prefer, you may call them at 1-888-848-8240.

The manufacturer's warranty (regardless of whether it is a US Toyota vehicle or a Canadian Toyota vehicle) is honoured in continental USA and Canada.

We hope this information is helpful to you.

Sincerely,

Elijah Drown
Toyota Canada Inc.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
on 2007-10-16-16.26.44.000000, wrote:




Hi,
With CAD at par with the USD it makes a lot of financial sense for me to buy a Toyota from US instead of Canda.
Once i buy the car from US will i get warranty coverage for it in Canada.

Thanks,

-----------------------------------------------------------------
Live and Let Live

plan to travel on 30/31 oct to fixup a toyota from the us. any one else planning to import? We could travel together.

This is from Toyota Canada website:

"Canadian Toyota Dealers will honour the new vehicle warranty as provided on vehicles sold in the U.S.A. However, made-for-Canada Toyota vehicles may enjoy certain warranty and servicing benefits not necessarily available in the US."

They want you to continue pay thousands more for a made-for-Canada car!