Canadian Commercial Importers: How to Prepare CARM RPP Financial Security and Customs Bonds

Release Prior to Payment Program Overview and Eligibility

Release Prior to Payment (RPP) is an optional sub-program of the CBSA Importer Program that allows eligible importers to obtain release of goods before final accounting; participation and eligibility should be confirmed in accordance with current CBSA rules.

Calculation Method and Minimum Requirements for Financial Security

Financial security for RPP is calculated by the CBSA based on the highest monthly accounts receivable balance over the past 12 months for each RM account. The calculation method for a surety bond differs from that of a cash deposit, and a surety bond has a minimum amount per RM account; CBSA's current calculation should not be replaced by outdated posts or unofficial quotes.

Submission of Surety Bonds and Deposits, and Enrolment Confirmation

Importers may obtain a surety bond through an accepted security provider and submit it via the API or the CARM Client Portal, or provide security by way of a deposit; RPP enrolment will only be confirmed in the Portal once the financial security requirements are met.

Sources

• Enrol for Release Prior to Payment
• Memorandum D17-5-2: Financial Security for Release Prior to Payment

This article provides general information only and is not insurance, legal, or financial advice. Coverage is governed by current law and your policy wording.