Important Notice on New Canadian CBSA Policy & RPP Bond Requirements

Under Canada's new CBSA (Canada Border Services Agency) regulations and CARM (CBSA Assessment and Revenue Management) implementation:

All shipments departing after February 28 must have an RPP Bond secured through CARM prior. This is critical because the policy will take full effect on April 19. Some shipments dispatched on February 28 may face delays, potentially arriving after April 19. To ensure compliance, all DAP shipments cleared under the client's entity to Canada must finalize this financial security (RPP Bond) by February 28.

RPP Bond Calculation Logic:

RPP Bond = 50% of the highest monthly duty/tax amount paid in the past year.

Given the potentially high costs, we recommend clients explore insurance options to cover the RPP Bond.

Simplified Solution via TranBay's Insurance Partner:

Clients may opt to use TranBay's affiliated insurance provider to underwrite the RPP Bond. Requirements and fees are as follows:

Insurance Provider Fees:

Base fee: 300 CAD/year.

Additional premium: If the monthly tax/duty exceeds 125,000 CAD,a supplemental 4.00 CAD will be charged per 2,000 CAD increment above this threshold.

TranBay Service Fees (Annual):

Tier 1:

Maximum monthly tax/duty ≤ 125,000 CAD → RPP Bond ≤ 62,500 CAD → Fee: 100 CAD.

Tier 2:

Maximum monthly tax/duty > 125,000 CAD but < 200,000 CAD → RPP Bond > 62,500 CAD but < 100,000 CAD → Fee:150 CAD.

Tier 3:

Maximum monthly tax/duty ≥ 200,000 CAD → RPP Bond ≥ 100,000 CAD → Fee: 250 CAD.

Upon successful payment, TranBay will provide the insurance underwriting documentation or RPP Bond confirmation.

Action Required:

If opting for TranBay's insurance solution, please complete the attached form and submit it with the applicable fees.

Click to download the attached form