CUSTOMS BROKERAGE STUDY QUESTIONS
AND VERIFIED ANSWERS GRADED A+
Canada Revenue Agency - Correct Answer--Administers tax laws from federal
government, pensions plans, social and economic plans
- Excise act, income tax
Customs brokers - Correct Answer--Intermediaries between government and
importers, make it easier to comply with regulations
Sub agent - Correct Answer--is an agent appointed by another agent to act at a POE
where there is no office
General agency agreement - Correct Answer--Agreement that states a broker can
act as an agent on behalf of the firm
Importer - Correct Answer--Party responsible for paying of duties and taxes on
goods
Carrier - Correct Answer--a transporter that facilitates movement, rail, air, trucking
Vendor - Correct Answer--Companies outside Canada that ship goods to Canada
Freight forwarder - Correct Answer--Arrange for movement of goods and paperwork
, CBSA - Correct Answer--Part of public safety, manages borders and facilitation of
people and goods, laws governing trade and travel and administer policy and law
BSO's - Correct Answer--Work for CBSA, administer AMPS, review documentation,
make sure duties and taxes are payed
AMPS - Correct Answer--Administrative monetary penalty system that are civil
penalties, when people don't comply wth legislation, AKA ensures compliance
In order not to get AMPS - Correct Answer--Comply with Customs Act and Customs
tariffs
Customs Act - Correct Answer--Type of legislation; Sec 99 gives authority to search,
seize, and examine goods, laws on importing and exporting from the country
Customs Tariff - Correct Answer--Type of legislation; Authority, and relief from
payment of duties
Excise Act 2001 - Correct Answer--Legislation; Excise duty on spirits, wine, tobacco
manufactured in Canada or imported in
Excise Act - Correct Answer--Legislation: tax on beer manufactured or imported into
Canada
Excise tax Act - Correct Answer--Authority to charge, collect and administer GST/HST
AND VERIFIED ANSWERS GRADED A+
Canada Revenue Agency - Correct Answer--Administers tax laws from federal
government, pensions plans, social and economic plans
- Excise act, income tax
Customs brokers - Correct Answer--Intermediaries between government and
importers, make it easier to comply with regulations
Sub agent - Correct Answer--is an agent appointed by another agent to act at a POE
where there is no office
General agency agreement - Correct Answer--Agreement that states a broker can
act as an agent on behalf of the firm
Importer - Correct Answer--Party responsible for paying of duties and taxes on
goods
Carrier - Correct Answer--a transporter that facilitates movement, rail, air, trucking
Vendor - Correct Answer--Companies outside Canada that ship goods to Canada
Freight forwarder - Correct Answer--Arrange for movement of goods and paperwork
, CBSA - Correct Answer--Part of public safety, manages borders and facilitation of
people and goods, laws governing trade and travel and administer policy and law
BSO's - Correct Answer--Work for CBSA, administer AMPS, review documentation,
make sure duties and taxes are payed
AMPS - Correct Answer--Administrative monetary penalty system that are civil
penalties, when people don't comply wth legislation, AKA ensures compliance
In order not to get AMPS - Correct Answer--Comply with Customs Act and Customs
tariffs
Customs Act - Correct Answer--Type of legislation; Sec 99 gives authority to search,
seize, and examine goods, laws on importing and exporting from the country
Customs Tariff - Correct Answer--Type of legislation; Authority, and relief from
payment of duties
Excise Act 2001 - Correct Answer--Legislation; Excise duty on spirits, wine, tobacco
manufactured in Canada or imported in
Excise Act - Correct Answer--Legislation: tax on beer manufactured or imported into
Canada
Excise tax Act - Correct Answer--Authority to charge, collect and administer GST/HST
