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Clearit.ca's Blog on Customs Brokerage and News Updates

What is a Customs Bond?

One of the most asked about topics this month from our “ask your broker” section has been customs bonds. The following is a short overview as to what a customs bond is and how it can help you. A customs bond is similar to an insurance policy in that it guarantees payment of duties and fees on goods brought into Canada; it may also grantee the customs broker's performance, knowledge and expertise in customs clearance and ensures that regulat...