The FCA News
Everything You Need to Know About Surety Bonds
CONSTRUCTION NEWS
Top 8 Questions About Bid Bonds
Over the years, we have noticed the same handful of questions being asked by our clients with respect to bid bonds. We thought we'd identify and answer the top 8 most frequently asked in the post below. How much does a bid bond cost? Bid bonds are...
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Top 7 Questions About Performance Bonds
Over the years, we have noticed the same handful of questions being asked by our clients with respect to performance bonds. So, we thought we'd identify and answer the top 7 most frequently asked in the post below. How Much Does a...
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Everything You Need to Know About Performance Bonds
Performance Bonds are guarantees to a project owner, that the contractor will complete its job according to the terms and conditions of the contract. The basic function of a performance bond is to provide financial protection to the project...
read moreDEVELOPER SURETY NEWS
Bonding for Condominiums: The Process
Many of our readers inquire about what is involved throughout the life of a bonded condominium project. With this in mind, we have created a simple article to outline the 5 major steps of Tarion Bonds and Excess Condominium Deposit Insurance....
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Excess Condominium Deposit Insurance for Developers
In Ontario, Excess Condominium Deposit Insurance or “ECDI” allows developers access to purchasers' deposits that would otherwise be tied up in a trust account. Developers who utilize an ECDI policy end up saving money as the deposit access is typically a...
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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...
read moreADDITIONAL SURETY RESOURCES
Freight Broker Bonds (BMC-84)
The Growing Need for Freight Broker Bonds We have recently been approached by a few Canadian freight carriers with long term operations in the US inquiring about the Freight Broker Bond. This bond, also known as the BMC-84 Freight Broker Surety...
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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
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
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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