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Canada Customs RPP Bonds: What You Need to Know
Published: February 13, 2025
What is a Canada Customs RPP Bond?
An RPP Bond, or Release Prior to Payment Bond, is a type of customs bond that lets importers get their goods released from the Canada Border Services Agency (CBSA) before paying any duties or taxes. This bond allows businesses to delay payment, making it easier for them to access their goods without waiting for the entire accounting process to be completed.
In simple terms, this bond gives you more flexibility in managing cash flow. Under the previous system, importers would typically use their customs broker’s bond and coordinate payment with their broker. With the new CARM system, the RPP Bond responsibility falls to the importer. The importer either obtains their own RPP Bond, posts a cash bond, or provides payment on the CARM portal up front prior to customs clearance for all duties and taxes. The RPP Bond helps businesses avoid unnecessary delays and reduce the financial strain of paying before goods are released.
As a commercial importer, you’ll need to secure one of these bonds in the next few months to continue importing as you are accustomed to, if you haven’t already done so.
Ramsay Customs is proud to offer RPP bonds, helping importers streamline their processes and avoid delays. If you’re looking for an efficient solution to secure your RPP bond, our team is ready to assist. Simply reach out to [email protected] to get started today!
Why Do You Need an RPP Bond?
There are several reasons why securing an RPP Bond is important for businesses that import goods into Canada. First, the CARM system has changed how imports are processed and paid for.
This means that as part of the CARM transition, importers will need to be ready with bonds in place to ensure a smooth release of their goods from CBSA. By doing so, you’ll avoid delays in getting products to your customers and maintain a smoother supply chain operation.
For businesses in Calgary and across Canada, this is a critical adjustment. The RPP Bond helps the CBSA mitigate risk by ensuring they can collect duties and taxes even if payment is delayed. If you’re a commercial importer, it’s time to start preparing for these changes.
How to Secure Your RPP Bond in Calgary and Beyond
To secure an RPP Bond, you’ll need to work with a surety company that is authorized to issue Canada Customs bonds. Ramsay Customs & Logistics has secured a provider and can provide these bonds on your behalf to complete your in house brokerage and logistics needs. These bonds are typically issued as continuous bonds, which means that once you have one in place, it will remain active for all transactions at any port of entry within Canada.
Here’s what you’ll need to do to secure an RPP Bond for your business:
- Determine Your Bond Amount: The amount of the bond will depend on your specific needs, such as the value of your imports and the duties/taxes owed.
- Partner with Ramsay Customs: Work with an experienced provider who understands the ins and outs of Canada Customs bonds. Make sure they’re familiar with the CARM system and the upcoming changes.
- Complete the Application: Ramsay CARM support team will walk you through the application process. Filing for your bond on the same day.
For businesses based in Calgary, Ramsay Customs is your trusted local partner for all bond services. We specialize in securing and filing your bond, ensuring compliance with CBSA regulations on your behalf.
Even if you’re located outside Calgary, our team is experienced in navigating the complexities of the CBSA’s requirements, so you can avoid unnecessary issues and focus on your business.
Key Takeaways for Businesses in Calgary and Across Canada
As the CARM system has been implemented across Canada, commercial importers must prepare now for new regulations that will require securing bonds, such as the RPP Bond. These bonds will simplify the new process for payment of duties and taxes, allowing you to receive your goods from the CBSA without unnecessary delays.
It’s crucial to stay ahead of these changes. Start by learning more about the RPP Bond, its benefits, and how to secure one for your business. By preparing now, you’ll ensure that your operations run smoothly, keeping your goods moving through Canada’s ports without interruption.
Ready to secure your Canada Customs RPP Bond? Our team at Ramsay Logistics is here to guide you through every step of the process. Don’t wait until the last minute—get ahead of the changes and ensure your business stays compliant.
Contact us today to get started!