Canadian D120 Customs Bond

D120 Customs Bonds facilitate the import process. They are required by the Canada Border Services Agency (CBSA) in order to release shipments before collecting applicable taxes, duties, interest, adjustments, or other fees.

Upcoming CARM Regulations Make D120 Customs Bonds Mandatory

CARM (CBSA Assessment and Revenue Management) is a multi-year initiative to modernize, streamline, and transforms the collection of duties and taxes on imports into Canada. CARM shifts the responsibility of paying customs duties from the Broker to the Importer. As a result, all importers will be required to have a Customs D-120 Bond on file with the CBSA in order to import goods into Canada. This applies to both Canadian importers and NRIs (Non Resident Importers).

D120 Customs Bonds speed up customs clearance by making Release Prior to Payment (RPP) possible. This key provision of CARM allows you to:

• Get your goods released prior to paying duties and taxes
• Defer goods accounting
• Defer duty and tax payments

DB Schenker can help you set up an Annual/Continuous D120 Customs Bond

A Continuous D120 Canadian Customs Bond covers your imports for an entire 12-month period. An annual bond also allows you to get into CARM compliance before the deadline, so you can avoid last-minute complications. We’ll get you bonded quickly, painlessly, and without hidden fees of any kind.

Online ordering makes it even easier to get a Canadian Customs Bond:

1. Choose your bond amount and click “Proceed”.
2. Complete the bond application. Important: we will need a valid Business Number (BN) to register your bond. Please contact us if you require assistance.
3. Upload your General Agency Agreement (GAA) and Importer Direct Security (IDS) Option Agreement*. Click here for a GAA; click here for an IDS agreement.

That’s it — we handle the rest! If you choose a one-year $25K bond, you will be able to purchase your bond instantly online. If you need a larger bond, simply complete the application and we’ll get you a quote in two business days or less.   

Questions?

Contact one of our Customs Bonds experts by clicking here or call us at + 1 (844) 724 8723 M-F 8-5 p.m. ET.

Why get your Continuous Customs Bond from DB Schenker?

As one of the largest Customs Bond providers in North America, DB Schenker Trade Solutions deals directly with top-rated Surety Companies to get you the right bond at the best price:

• No Hidden Fees
• No Credit Check
• No Hassles!

We can also help you with the following (click a link below to request more info):

• Obtaining a Canadian Business Number (BN) and registering as an NRI
• GST Bonds (see below for more info)
• CARM compliance
• Statement of Account (SOA) Reconciliation
• Customs Brokerage, and more!

Additional Canadian Customs Bonds:

Non-Resident Importers (NRIs) that import more than $30,000 CAD in goods into Canada annually may benefit from a GST Bond. Registering a GST Bond with the Canadian Revenue Agency (CRA) allows you to receive GST credits via the Input Tax Credit, and makes it easier for your customers in Canada to do business with you.

DB Schenker has over 150 years of trade experience. As one of the largest Customs Bond providers in North America, we deal directly with A+ Surety Companies. We make it easy to get the right GST Bond at the best price.

Download a GST Direct Payment Option Agreement

Questions? Click here to request more information about GST Bonds

• What is CARM?
• When Does CARM Take Effect?
• CARM Compliance – How Do I Get Ready for CARM?
• How Will CARM Affect US Importers?
• What Happens If I Am Not in Compliance with CARM?
• Does CARM Mean I Need a Bond?
• What is a Canada Customs Bond/D120 Bond?
• How Much Does a Canada Customs Bond/D120 Bond Cost?
• What Size Canadian Bond (D-120) Should Be Procured?
• How Can I Become an Importer of Record in Canada?
• What is NRI, GST, CBSA, CRA?