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CBSA Extends CARM RPP Transition Period to May 20, 2025
The Canada Border Services Agency (CBSA) has announced a further 30-day extension to the transition period for importers to comply with financial security requirements under the CARM (CBSA Assessment and Revenue Management) system. Importers now have until 3:00 a.m. (EDT) on May 20, 2025 to submit the required financial security to maintain Release Prior to Payment (RPP) privileges. This marks another delay
Why Should My Business Be Bonded?
As a business owner, you’re always looking for ways to protect your company’s interests. One important way to do this is by getting bonded. A surety bond is a legally binding agreement between three parties:
What Does Artificial Intelligence Mean for the Surety Industry?
An Introduction to OpenAI and ChatGPT OpenAI is a leading artificial intelligence research laboratory that is widely known for its innovative approach to machine learning and natural language processing. One of the tools developed by
Bitcoin as Equity for Canadian Surety Bonds
An Introduction to Bitcoin (BTC) Bitcoin (BTC) – depending on whom you ask, you’re going to receive a variety of responses as to what it is exactly: A cryptocurrency A store of value Digital gold A
New To Bonding? An Introduction to Surety
Basics of Surety Bonds in Canada Surety bonds play a crucial role in the Canadian economy by providing a guarantee for the performance of specific actions agreed upon in a contract. Bonds are not insurance