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Construction Lien Act: A Guide to Protecting Your Rights
A Canadian Surety Bond Perspective for Contractors and Developers. “Time is money” – something you’ll hear frequently in the Canadian construction industry. Delayed payments can spell disaster for some businesses. Whether you’re a general contractor, subcontractor, or supplier, understanding how to protect your right to payment is critical. That’s where the Construction Lien Act comes in. But what happens when a lien
How A Surety Bond Protects Your Business
While surety bonds are an essential part of doing business for many industries, it’s important to clarify a common misconception: surety bonds primarily protect the obligee — not the principal (your business). As a business
CBSA CARM RPP Bond: Security Requirements for Importers to Canada (2025 Guide)
Want to skip the read below and just purchase your RPP Bond?Click here for our product page. The Canada Border Services Agency (CBSA) has introduced a significant modernization to how duties and taxes are assessed
What Is Bonding Capacity and How To Increase It
If you’re a contractor bidding on public or private projects that require surety bonds, understanding your bonding capacity is essential. It determines which jobs you can pursue, how much bonded work you can take on
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
Why Use a Surety Bond Broker Instead of an Insurance Broker?
The world of bonding and insurance is intertwined for a few reasons. One of them being that in Canada, the licensing required for an insurance broker and a surety bond broker are actually the same.
How to Buy Surety Bonds: A Step-by-Step Guide
With the appropriate approach, buying surety bonds can be a straightforward process. Whether you need a bond to obtain a business license, bid on a construction project, or fulfill an import security obligation, understanding how
Fidelity Bond vs Surety Bond – What’s the Difference?
We often have client inquiries from businesses stating that they need a fidelity bond for their cleaning company or moving company. However, this is an antiquated term and bond type in the Canadian market and
What is RPP? Release Prior to Payment Bond Canada
What is RPP, and how do Release Prior to Payment Bonds work? Introduction A Release Prior to Payment Bond is a type of surety bond that is designed to ensure CBSA is paid any duties
What Is Bonding Insurance?
*The information contained in this article is specifically related to Canadian Surety Bonds & Insurance. “What is Bonding Insurance?” A Common Misnomer. One of the most frequent misunderstandings in the financial world is the use
Surety Bond Requirements: What You Need to Know
If you have been pursuing construction projects in the civil sector, you have likely heard about surety bonds. What are they, and how can you obtain them? Let’s find out in this guide! Surety bonds