News Entries

Bond Spotlight - Canada Customs Bond

Canada Import Bond, Release Prior to Payment (RPP)

With talks of additional tariffs on US imports into Canada and CBSA’s 180-day grace period ending April 19, 2025, NOW is this time to ensure you are registered and ready with your Canadian import bond!  On October 21, 2024, CBSA released their latest version of CARM which allowed the electronic filing of the Release Prior to Payment (RPP) import bond.  Importers must meet their financial security requirements by posting an e-bond or a security deposit in the CARM client portal by April 19, 2025. 

Are you registered?  Importers are required to register for the CARM Client portal with CBSA prior to bond filing. To find out more on CARM and how to register, please visit:  https://www.cbsa-asfc.gc.ca/services/carm-gcra/menu-eng.html

Through the strength of IB&M’s Canadian parent company, Intact Insurance Specialty Solutions, a brand of Intact Financial Corporation (TXS:IFC), we are pleased to offer electronic filing of the Canadian import bond.  We are proud of Intact Insurance Specialty Solutions as the FIRST surety to successfully e-file the RPP bond in October 2024. Intact Insurance is the largest surety provider in Canada with solutions backed by the financial strength of Intact Insurance Company (A.M. Best rating of A+(Superior) and Moody’s rating.

We are ready to help you file your RPP and GST bonds! For more information and to request a demo of our bond filing system, contact IB&M's Bond team today at bond@intlbondmarine.com

Stay up to date with the latest CBSA developments on bonds and tariffs here: https://www.cbsa-asfc.gc.ca/menu-eng.html