Canada Customs Bonds

The Canada Customs Bond, or RPP Bond, is a requirement that stems from CARM, the multi-year initiative implemented by Canada Border Services Agency  (CBSA). CARM stands for CBSA Assessment and Revenue Management and is intended to modernize and streamline the process of imports into Canada.

Under CARM, importers will need to secure and post their own import bond in order to participate in the Release Prior to Payment Privilege (RPP). This is a significant change that impacts importers and customs brokers. Prior to CARM, customs brokers were allowed to extend use of their own customs bond to any importer.

The RPP Bond will allow the importer to:

• Obtain the release of goods from the CBSA before paying duties and taxes
• Defer accounting for goods
• Defer payment of duties and taxes (including GST)

Why Roanoke may be the Bond Provider for You

Our enduring mission is to provide a peerless client experience, while we help to drive supply chain success for the trade and logistics industries. We strive to be more than just your bond provider; we have the know-how and infrastructure to be your partner and a guide to help navigate the entire landscape of surety bond procurement, management, and claims handling.

Our cutting edge, in-house bond platform, FastBond^TM provides a streamlined user experience and comprehensive platform to save you time and enable your company’s growth.

Review the below FAQs for everything you need to know about Canada Customs Bonds.