& Lecture Summary
customs brokers are licensed by who, under what section of what act? - correct answer ✔✔
CBSA, section 9 of customs act
what agency issues the custom broker licenses? - correct answer ✔✔ public safety canada
what form do you use to apply for customs broker, and to who? - correct answer ✔✔ L53 to
cbsa
what are the requirements to become a customs broker? (5) - correct answer ✔✔ depends on if
individual/partnership/corp
citizen/perm resident, or incorporated in Canada, or majority directors are cdn
good character/reputation
18+
sufficient financial resources to conduct biz
atleast 1 has passed exam
licensing obligations (4) - correct answer ✔✔ display license at offices they transact biz
notify CBSA immediately of changes in address, names, ownership
provide documentation to clients for every transaction made
promptly account to clients for funds received for client by receiver general of canada, and from
client in excess of duties/payables w/ CBSA
qualified officer (2) - correct answer ✔✔ the 1 individual in every licensed customs broker who
has passed the exam, and who's name is on the license application