Yes, it will be subject to all taxes, including Federal and Provincial sales taxes. In addition if it is a high ticket item you will likely be forced to engage a customs broker.
I used to import speaker and electronics into Canada, and it was all an expensive PITA. I strongly discourage you from dealing direct to China.
Why you would want an outdated boat anchor with point to point wiring in this day and age is beyond me. That is not even as neat as a Harold J. Leak amp from the 1950s.