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DUTY & GST PAYMENT

David Glionna, Vice President - Finance
David Glionna,
Vice President – Finance

Importer Direct Payment options for duties and GST

Duties and GST on commercial import transactions can be paid by importers to the Canada Border Services Agency (CBSA) on a monthly basis through the GST Direct Payment option or the Importer Direct Security option.

With both options, the payment period will cover all transactions accounted for between the 25th of the previous month and the 24th of the current month, with payments due to CBSA by the last business day of the current month. The importer must pay any penalties or interest applied by the CBSA for late payment of duties and taxes.

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Under this option, the importer makes a monthly GST payment directly to the Canada Border Services Agency (CBSA). To participate in this payment option, importers must complete a GST Direct Letter of Undertaking on company letterhead, signed and returned to Universal Logistics. Non-resident importers (importers outside of Canada) must post security with the CBSA for release prior to payment privileges (see Requirements for Importer Direct Security option).

Under the Importer Direct Security option, the importer makes a monthly duty and GST payment directly to the Canada Border Services Agency (CBSA). To participate in this payment option, the importer must:

  • Complete a Direct Security Letter of Undertaking on company letterhead, signed and returned to Universal Logistics.
  • Post security with the CBSA for release prior to payment privileges. Security can be provided in the form of cash, certified cheque, money order, or release of goods bond (D120 Customs Bond) issued by either a surety or financial institution. Security should be posted in the legal entity name associated with the importer's Business Number. Security for resident importers is based on their average monthly duties and taxes owing (less the GST), up to a maximum of CAN$10 million. Security for non-resident importers is based on their average monthly duties and taxes owing (including GST), up to a maximum of CAN$10 million.
  • Most importers choose to post security by way of a D120 Customs Bond and will receive their own Account Security (ASEC) number. If you need help to place and secure the required bond and register your ASEC number with CBSA under the Importer Direct Security option, contact us today.

    E-Payment

    Paying Duty and/or GST directly to CBSA through E-payment options is recommended for importers with GST Direct Payment or Importer Direct Security privileges.

     E-payment options  




    Quick Tips

    Tip #25 – Insurance primer

    Protect your business interests by ensuring you understand what is covered by your cargo insurance policy – and what is not. Without proper insurance, even one loss can have a huge impact on your bottom line.



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