Commercial Bonds
Commercial surety bonds are types of guarantees that are required by different agencies, courts, government authorities or other entities in order to protect them against a given financial risk. These bonds are required in different contexts, whether in particular as an intrinsic condition for obtaining a permit or to guarantee the payment of customs duties or other taxes to various government authorities.
License and Permit Deposit
These bonds are required to obtain a license or permit and usually protect the consumer in the event that the Principal Debtor (merchant) does not comply with the financial obligations included in the laws and regulations relating to its commercial activities.
Customs and Excise Bond
Customs
These bonds are required by government authorities and guarantee the payment of various customs duties, tariffs and taxes.
Main categories:
Imports and Payment of Duties
Customs Broker
Sufferance Warehouse and Storage
Haulage
Excise
The excise bond guarantees that the principal debtor will remit certain excise taxes.
Main categories:
License for Brewers
License for Wort Makers
Spirits Manufacturer License
Tobacco Manufacturer License
GST – Non-Residents
Course Bonds
Two main types of course bonds:
Judicial Bail
Trustee Bond
Bankruptcy Administrator
Estate Administrator
Executor
Foreign Executor
Curatorship
Tutor and Curator
Bond for Loss of Documents
Deposit required to obtain replacement certificates when the originals of the following documents have been lost:
Stocks, Dividends
Guarantees
Canada Savings Bonds
Life Insurance Policies and Other Financial Tools