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:
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.