I forgot about all of the import/export fees. What a bummer, but still might be worth it as you should still be able to stay under that $700 number.
Maybe arrange for some midnight border crossing in the middle of some wooded area and save the $$$. LOL
I can see the headline now, "American and Canadian Arrested for Smuggling Home Theater Gear Through the Woods and Across the Border" OK. Maybe that is a LONG headline, but you get the idea.