Customs GST Remitted to Receiver General for Canada
Terms and Agreements with Summit Customs Brokers

Payments

Payment for invoices will be on a monthly basis with two payments being made -- one to Canada Customs & Revenue Agency for the Custom's GST and the other to Summit Customs Broker for the other charges.

For the first cheque, Summit will fax you a statement for the GST owed to Canada Border Services Agency around the 24th of each month. This statement will include all GST from shipments cleared from approximately the 25th day of the previous month until the 24th of the current month. The cheque for this amount should be made out to the "Receiver General For Canada" and should be delivered to Summit no later than 2-3 business days prior to the end of the month.

For the second cheque, Summit will fax you a statement for the remaining charges on the above shipments. A cheque for this amount should be made out to "Summit Customs Brokers" and can be sent to Summit with the cheque for the Receiver General.


Credit Limit and Interest on Overdue Accounts

If a shipment arrives and the charges for that shipment will put your account over your credit limit you must make arrangements to pay the amount over your credit limit before we can release the shipment on your behalf. It should be noted that the GST owed to the Receiver General is not included in your account balance. Your credit limit will be reviewed periodically to ensure that it is meeting your needs.

Interest will be charged on all invoices for which payment has not been received within the agreed upon terms. The rate charged will be one and a half percent (1 1/2%) per month or eighteen percent (18%) per annum calculated on a daily basis.

NSF Cheques, Disputes, and Statements.

A fee of $50.00 will be charged for all NSF cheques.

If you disagree with the charges on an invoice you must notify Summit immediately of the disagreement. Our Accounts Receivable department will ensure that any problems are dealt with upon being notified. They may approve a partial payment of the invoice until the dispute is settled.

Summit may periodically fax you statements showing your account balance if you are nearing your credit limit or payment terms. If you have sent payment you should indicate this on the statement and fax it back to Summit with the cheque number, date and amount.