Types of Bonds:
With the Canada Border Services Agency (CBSA), you'll encounter two main types of customs bonds:
Continuous Bonds for regular importers
Term Bonds for infrequent importers.
Here's a more detailed explanation:
Continuous Bonds:
These bonds are suitable for businesses engaged in regular or ongoing import activities, allowing for multiple imports and entries under the same bond. We recommend a continuous bond if you have 8+ imports per year
Term Bonds:
These bonds are designed for importers who only have a single clearance or less frequent imports without the year. Term bonds are only valid for 30 calendar days. We recommend a term bond if you have less than 8 imports per year.