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Developers Surety News

Key Components to the Commitment Letter

Key Components to the Commitment Letter

A commitment letter for a developer bond facility is a 10 page document. There are many parts to this terms letter all of which are important to know however there are five main components which have the biggest impact on your bottom line. We have decided...

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Tarion Bonds for Condominium Projects

Tarion Bonds for Condominium Projects

In Ontario, legislation requires developers to provide financial security for the development of condominiums. Over the past 20 years, surety companies have stepped in to provide different products to guarantee these security obligations.   Tarion Warranty...

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What is Developer Surety?

What is Developer Surety?

Developer surety as you would expect includes surety bond products which are exclusively used by developers mainly for residential projects but also for commercial projects. Developer Surety bonds satisfy provincial legislation by providing...

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Additional Surety Resources

L302 Surety Bond for Cannabis

L302 Surety Bond for Cannabis

In anticipation of the legalization of recreation cannabis, the Government of Canada has officially released the cannabis excise duty requirement for cannabis licensed producers on May 14th. To access the requirement, see L302 - Surety Bond for Cannabis....

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Foreign Executor Bonds in Ontario

Foreign Executor Bonds in Ontario

What is a Foreign Executor Bond & What Does it Guarantee? A Foreign Executor bond, or Estate Bond, is usually required where an executor appointed in a will resides out of the province overseeing the estate. Like any surety bond for estate executors, a...

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Surety Bonds for Estate Administrators

Surety Bonds for Estate Administrators

When it comes to complicated estates in Ontario, the courts may request a “Surety Bond for Estate Executors” before they can issue a certificate of appointment of estate trustee commonly known as “Probate”. If the courts require an Estate Administrator Bond, you are...

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Customs and Excise Bonds

Customs and Excise Bonds

What are Customs Bonds? Customs Bonds are required by the federal government to guarantee payment of various duties, tariffs and taxes. The most commonly used customs bonds are: Release of Goods Bond Non-Resident GST Bond Customs Brokers...

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Contact FCA Surety

Please do hesitate to reach out with questions or for a free second opinion.

surety@fcainsurance.com

1-844-241-5656

1867 Yonge St., Suite 300, Toronto, ON, M4S 1Y5

M-F: 8am-5pm, S-S: Closed

Do you have any questions?

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