Courier Low Value Shipment Program

Bond information

For the purposes of the Courier Low Value Shipment Program, you must include a new bond correctly completed, if required.

The broker must file a separate security deposit. Security -- in any of the forms listed in paragraph 3 of Memorandum D1-7-1 -- is acceptable.

When Form D120, Canada Customs Bond, is used as security, field no. 1 must be completed as follows:

• Activity to be secured:
  • Release of goods prior to account and payment of duties on casual shipments
    
    
• Relevant legislative authority:
  • Persons Authorized to Account for Goods Regulations
  • Accounting for Imported Goods and Payment of Duties Regulations

The security required is equal to the total amount of duties and taxes payable on the goods imported under this program during the three-month period with the highest amount of duties and taxes payable during the previous calendar year, but not less than $5,000 and not more than $10,000,000.

When submitting a bond for approval on this Program, please be sure to submit the original bond duly signed and sealed.