Praesto Presto provides TARION warranty corporation bonds to new home and condominium builders that satisfy Tarion’s security requirements.
Need help with your bond purchase? Our online applications now include: Information on what you will need before you apply Listings of the government offices and assistance on which you should select as the obligee on your bond Term and billing information on the specific bond Step-by-step instructions on what to do after you receive your bond Links to more information on the Canadian government website
With the legalization of recreational marijuana across Canada there has been a growing cannabis industry. For anyone interested in cultivating, producing or packaging cannabis for sale you need to apply for a cannabis license from the Government of Canada by filling out Form L300 - Cannabis License Application. As part of your application you must also provide a security in the form of a L302 Surety Bond to cover the applicable duties owed to the Canada Revenue Agency (CRA).
For importers to Canada and licensed customs brokers who ask for release of their goods before payment and for uncertified cheque privileges must post security representing 100% of their average monthly amount of outstanding duties and taxes (less the goods and services tax in the case of resident importers) during the previous 12-month period, up to a maximum of $10 million.
Praesto Presto now has a wide selection of Canadian federal and provincial bonds available for purchase online. Simply fill out our applications, get a quote and then purchase online. In most cases you will be able to view or download your bond immediately while we mail you the signed and sealed copy of the bond.
An ATA Carnet Bond (pronounced ‘car-neh’) can be described as an international passport for goods. "ATA" is a French and English acronym for "Admission Temporaire/Temporary Admission." An ATA Carnet Bond is an internationally recognized customs document for the temporary importation of goods.
In most jurisdictions in Canada a bond is required where an executor appointed in a will resides out-of-province. The purpose of the bond is to provide protection to the creditors and beneficiaries of the estate. While under circumstances an application may be made to the court to dispense with the bond requirement there is no guarantee that the court will agree and the extra process involves additional time and cost. Praesto Presto makes it easy to purchase a Foreign Executor Bond online.
Any Health Canada-licensed cannabis producers, manufacturers, packagers, labellers or importers operating in Canada require a Cannabis License Bond to provide security covering applicable duties owned in one calendar month (with a minimum of $5,000 and a maximum of $5,000,000). This bond can be a Government of Canada bond, a letter of credit from an acceptable bank or a surety bond, known as a L302 Surety Bond for Cannabis.
Customs Bonds guarantee that the principal will pay all duties, taxes, or penalties assessed by the Canada Border Services Agency (CBSA), and comply with all the applicable laws and regulations. The CBSA prescribes a bond wording for these bonds, known as Form D120 Bonds.
Non-residents of Canada who don't have a permanent business establishment in Canada but have sales exceeding $30,000 within Canada are required to provide and maintain a security with Revenue Canada under the Goods and Services (GST)/Harmonized Sales Tax (HST) provisions of the Excise Tax Act. The security can be in the form of cash, certified cheque, money order or an approved bond, known as a GST114 Bond.