Customs & Excise Bond
Surety Bond for Duties & Taxes
A Customs & Excise Bond provides financial security for the governing bodies of imports and exports. These bonds are typically issued to Canada Border Services Agency (CBSA) in the amount specified from $5,000 and up. Whether the bonding requirements are for temporary import or a continuous customs bond, we’re here to help. Apply for your surety bond and even get a free online quote today!
How It Works
Complete our online questionnaire to confirm the bond you require.
We'll be in touch shortly with more information for next steps & a quote.
Get a hard copy of your customs bond or a digital (e-bond) version if needed.
Learn more about Customs & Excise Bonds
What is a Customs & Excise Bond?
A Customs & Excise Bond is a 3 party financial instrument that guarantees that an importer or exporter will provide payment for any customs duties and / or taxes on products that are being sent between Canada and a foreign country. It provides security for the governing bodies (like CBSA) that these duties will be paid even if you (The Principal) fails to do so.
It is important to note that although a customs bond provides coverage from the perspective of the Obligee (Government of Canada), you are still responsible to provide the required / paid funds to the Surety providing the financial backing for any bond issued.
Why do I need a Customs Surety Bond?
If you are operating as a customs broker, importer, transportation company, logistic company, or any entity that deals with shipping goods, it is likely that the Government of Canada requires you to get a customs bond. The Canada Border Services Agency has a surety bond requirement so there is a financial obligation from a third party to pay any amounts owed up to the bond amount should you (The Principal) not compy with the Customs and Transportation Act.
Can I get a continuous Customs Bond?
Yes! We can issue both continuous customs bonds and bonds that are only needed one-time or for a single trip. If you’re unsure if your bond needs to be continuous or not, don’t hesitate to contact us and we can help identify what is required. Typically, only Carnet Bonds can be issued on a ‘one-off’ basis.
What types of Customs & Excise Bonds are available?
Various kinds of customs & excise bonds can be purchased online including:
- Bonded Air Carrier
- Bonded Freight Forwarder
- Bonded Highway Carrier
- Bonded Marine Carrier
- Bonded Rail Carrier
- Cannabis Bond
- Carnet Blanket Bond
- Customs Bonded Warehouse
- Customs Broker License Bond
- Customs Sufferance Warehouse
- Brewer, Spirits & Distiller Excise Bond
- Non-Resident GST Bond
- Release of Good Bond
- Single Trip Carnet Bond
- Temporary Importation of Goods Bond
- and more
How much does a Customs & Excise Bond cost?
The cost of a customs / excise bond can vary depending on the amount of the bond, duration of the bond, and other applicant specific information. As your surety bond broker, we will always strive to get you the best rate on your requested product. A customs bond can be offered as low as $375 per year, pending the underwriting details outlined above.
Completing our application and pursuing a quote for this bond does not cost anything or require you to proceed with the bond once a quote is provided – customer service is our first priority.