Surety Association of Canada | L’Association canadienne de caution

Surety Association of Canada | L’Association canadienne de caution

Insurance

Mississauga, Ontario 1,582 followers

Your bonding resource | Porte-parole du cautionnement au Canada

About us

The Surety Association of Canada (SAC) is the national trade advocacy association that represents the interests of the surety industry across Canada. Its members consist of primary surety firms, surety reinsurers, surety/insurance brokers, and other organizations that provide related and complementary services to the surety industry. While the majority of the surety industry’s premium revenue is derived from construction contract bonds, SAC also represents the interests of those organizations that focus on non-contract or commercial surety. SAC does not represent or advocate on behalf of the fidelity bond industry. Since its formation in 1992, SAC has become a trusted resource for construction purchasers, design professionals, contractors, suppliers and other stakeholders in construction and business communities. SAC has developed its own bond forms in response to industry need and in consultation with the construction industry. SAC and its members regularly meet with owners, contractors, other associations and related organizations to educate them about surety bonds and the suretyship process. SAC also monitors legislation across the country that will impact its members and works diligently to advance the surety cause with lawmakers and government officials. En français : https://www.suretycanada.com/SAC-FR/Au-sujet-de-l-Association/SAC-FR/About-Us-Fr/Au-sujet-de-lAssociation.aspx

Website
https://www.suretycanada.com
Industry
Insurance
Company size
2-10 employees
Headquarters
Mississauga, Ontario
Type
Nonprofit
Founded
1992

Locations

  • Primary

    6299 Airport Road

    Suite 709

    Mississauga, Ontario L4V 1N3, CA

    Get directions

Employees at Surety Association of Canada | L’Association canadienne de caution

Updates

  • "*7th Annual SAC State of the Nation Webinar* Members of the Surety Association of Canada are invited to join a webinar on Wednesday, May 8, 2024, from 1:30 p.m. to 3:00 p.m. (EDT). This webinar will provide the opportunity to hear the latest developments and activities of your national trade advocacy association, including updates from each of the five regions across Canada – British Columbia, the Prairies, Ontario, Quebec and Atlantic Canada, followed by a Q&A. All you need is a computer with audio. Note that a phone line will also be provided. To register:  https://lnkd.in/gbz2Hqxn Once your registration form has been submitted, you will receive an email confirming the registration along with the webinar log-in details. Please note that this webinar is available to SAC members only. ******************************** *7e webinaire annuel sur l’industrie au Canada de l'ACC* Les membres de l’Association canadienne de caution sont invités à un webinaire le mercredi 8 mai 2024 de 13h30 à 15h00 (heure de l’est). Ce webinaire vous donnera la chance de connaître les derniers développements et activités de votre association nationale, incluant des mises à jour de chacune des cinq régions à travers le Canada – Colombie-Britannique, le Prairies, Ontario, Québec et provinces de l’Atlantique. Une période de questions suivra. Tout ce dont vous avez besoin est un ordinateur avec système audio. Une ligne téléphonique sera également disponible. Enregistrer: https://lnkd.in/gbz2Hqxn Une fois votre formulaire d'inscription soumis, les personnes inscrites recevront un courriel de confirmation et les détails de connexion au webinaire. Veuillez noter que ce webinaire est disponible pour les membres de l’ACC seulement.  #webinar #webinaire #membership #membre #association #suretybonds #cautionnement

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  • **CBSA/CARM Update** Hot off the press…just this afternoon (Friday, April 19, 2024), the CBSA issued the following news release: CBSA phasing in CARM: launching internally for CBSA use as planned in May and later in the fall for trade chain partners. https://lnkd.in/gzRhvR3Z As noted in the release, the CARM launch for Trade Chain Partners has been postponed until October 2024. A further update for SAC Members has been provided in this month's "What's New in Surety", which has been posted to the member-only access area of the SAC website - https://lnkd.in/grfk4jjn. ******************************* **Mise à jour ASFC/GCRA** Tout juste sorti de presse… cet après-midi (vendredi 19 avril 2024), l'ASFC a publié le communiqué de presse suivant : Introduction progressive de l'ASFC dans la GCRA : lancement interne pour utilisation par l'ASFC comme prévu en mai et plus tard à l'automne pour les partenaires de la chaîne commerciale. https://lnkd.in/gbHY59Tk Comme indiqué dans le communiqué, le lancement du GCRA pour Partenaires de la chaîne commerciale a été reporté à octobre 2024. Une mise à jour supplémentaire destinée aux membres de l'ACC a été fournie dans le bulletin « Quoi de neuf en matière de caution » de ce mois-ci, qui a été publié dans la zone d'accès réservée aux membres du site Web de l'ACC - https://lnkd.in/g8HHURSz #CBSA #ASFC #CARM #GCRA #suretybond #cautionnement #canada

    CBSA phasing in CARM: launching internally for CBSA use as planned in May and later in the fall for trade chain partners

    canada.ca

  • This week is National Volunteer Week (April 14 to 20), which provides the perfect opportunity to thank members of the Surety Association of Canada who contribute their time and efforts through their committee involvement and through participation in supporting our advocacy efforts. This year’s National Volunteer Week theme is "Every Moment Matters". It highlights the importance of every volunteer and each contribution they make at a moment when we need support more than ever. The sharing of your time, skills, expertise, empathy, and creativity is vital to the inclusivity, strength, and wellbeing of our communities. As well, your contributions greatly supports and impacts the advocacy work that our association provides on behalf of our members. As a volunteer driven association, during National Volunteer Week 2024, we come together to recognize and celebrate the importance of each and every volunteer’s impact from coast to coast to coast. Now more than ever, Every Moment Matters. A big **THANK YOU** to our over 300 volunteers who include our Board of Directors; our AGM/Conference Committee; our Diversity, Equity & Inclusion Committee; our Regional and Commercial Surety Committees; our Sub-Committees (Advocacy/Outreach, Marketing, and Position/Information Papers); our Women in Surety Committee; our Young Professionals Committee; as well as our various Working Groups and Task Forces such as our SAC CARM Working Group, our Data Collection Working Group, our Governance Working Group, and many others. #EveryMomentMatters #NVW2024 #volunteer #association #members #suretybonds

    • National Volunteer Week 2024
  • Cette semaine est la Semaine nationale du bénévolat (du 14 au 20 avril), ce qui offre l'occasion parfaite de remercier les membres de l'Association canadienne de caution qui contribuent de leur temps et de leurs efforts par leur participation aux comités et en soutenant nos efforts de plaidoyer.   Le thème de la Semaine nationale du bénévolat de cette année est « Chaque Moment Compte ». Il met en lumière l'importance de chaque bénévole et de chaque contribution qu'ils apportent à un moment où nous avons plus que jamais besoin de soutien.   Le partage de votre temps, de vos compétences, de votre expertise, de votre empathie et de votre créativité est vital pour l'inclusivité, la force et le bien-être de nos communautés. De plus, vos contributions soutiennent grandement le travail de plaidoyer que notre association offre au nom de nos membres.   En tant qu'association dirigée par des bénévoles, pendant la Semaine nationale du bénévolat 2024, nous nous réunissons pour reconnaître et célébrer l'importance de l'impact de chaque bénévole, d'un océan à l'autre. Plus que jamais, Chaque Moment Compte.   Un **GRAND MERCI** à nos plus de 300 bénévoles qui incluent notre Conseil d'administration; notre Comité de l'AGA/Conférence; notre Comité de la Diversité, de l'Équité et de l'Inclusion; nos Comités régionaux et commerciaux de caution; nos Sous-comités (Plaidoyer/Communication, Marketing et Positions/Notes d'information); notre Comité des Femmes de l’industrie du cautionnement; notre Comité des Jeunes Professionnels; ainsi que nos divers Groupes de travail et Forces de travail comme notre Groupe de travail ACC/GRCA, notre Groupe de travail sur la Collecte de données, notre Groupe de travail sur la Gouvernance, et bien d'autres.   #Çacomptetoujours #SAB2024 #bénévolat #association #membres #cautionnement

    • Semaine nationale du bénévolat 2024
  • Le Comité permanent du commerce international (CIIT) mène une étude sur le Système d'évaluation et de gestion des recettes de l'ASFC (GCRA). Le lancement de la version 2 du GCRA est prévu pour le 13 mai 2024. Au cours des délibérations, nous avons remarqué qu'il semble y avoir une certaine confusion qui a conduit à des malentendus concernant le rôle de la garantie financière en général, et en particulier autour des cautions. L'Association canadienne de caution (ACC) a soumis la lettre suivante au CIIT pour rectifier les informations et fournir des éclaircissements ainsi que des informations détaillées à ce sujet. Pour toute question concernant l'obtention de cautionnements douaniers, veuillez contacter surety@suretycanada.com. #GCRA #ASFC #importateur #cautionsdouanières #CIIT #cautionnement

  • The Standing Committee on International Trade (CIIT) has been conducting a study on the CBSA Assessment and Revenue Management System (CARM). CARM Release 2 is scheduled to launch on May 13, 2024. Throughout the proceedings, we have noticed that there seems to be some confusion that has led to misunderstandings around the role of financial security in general, and in particular surrounding surety bonds. The Surety Association of Canada | L’Association canadienne de caution (SAC) has submitted the following letter to the CIIT to set the record straight and to provide clarity and detailed information in this regard. For any questions regarding obtaining a customs bond, contact surety@suretycanada.com. (La version française sera bientôt disponible) #CBSA #CARM #importer #customsbonds #CIIT #suretybonds 

  • **MEDIA RELEASE: Surety Association of Canada Voices Concerns Over New Procurement Strategies in Newfoundland and Labrador** March 7, 2024 – Mississauga, ON – The Surety Association of Canada (SAC) has expressed significant concerns regarding the Department of Transportation and Infrastructure (DTI) of the Government of Newfoundland and Labrador's recent announcement on new procurement strategies designed to support local suppliers and promote sustainability. SAC believes that this policy is misguided and was founded on the basis of information that is inaccurate and in some cases false. On February 5, 2024, the DTI announced the introduction of two innovative procurement strategies with objectives that include maximizing provincial suppliers' success in obtaining government contracts, fostering supplier development within the province, and enhancing sustainable purchasing practices. A key element of these strategies involves changes to the use of bid bonds. Bid bonds serve as a financial guarantee from vendors when bidding on projects, ensuring that the bidder remains committed to their bid and provides the required project security if selected. The new strategy proposes a reduction and potential elimination of bid bonds, a move that SAC believes is indicative of a total misunderstanding of bonds and their role in protecting taxpayers and small businesses. "The assertions regarding bid bonds in the government's statement are not only misleading and inaccurate, but in some cases, patently false," said SAC President & Chief Operating Officer Steven D. Ness. "It's alarming that such inaccuracies and misguided assumptions would lay the groundwork for public policy decisions." In response, SAC has initiated contact with the DTI and the Honourable John G. Abbott, Minister Responsible for the Public Procurement Agency, to challenge the misinformation surrounding bid bonds and the suretyship process. SAC is urging the government to reconsider this policy direction. "Our goal is to work with the government to ensure that policies enacted are based on factual information and truly benefit taxpayers and local enterprises," Mr. Ness added. "We are requesting an opportunity to explain the surety products and processes through educational presentations, highlighting their processes and advantages." For release in PDF: https://lnkd.in/gCndifMA Pour la version française : https://lnkd.in/gu-aeeUD #suretybonds #cautionnement #association #newfoundland #construction #advocacy #plaidoyer

  • We would like to congratulate Robert (Bob) Sloat, the Surety Association of Canada’s (SAC) Regional Director for Western Canada, on his 15th year work anniversary.                                                                                         Over the years, Bob has been incremental at moving forward numerous initiatives that benefit the surety industry in Western Canada, which has resulted in developing solid relationships with many stakeholders, as well he has delivered numerous informative educational sessions and has been a strong advocate in bringing awareness on the use and benefit of surety bonds. Bob has a very welcoming personality which has established him as the go-to person for SAC members (and others) in the provinces of British Columbia, Alberta, Saskatchewan and Manitoba. With his zealous and dedicated commitment to his role, he often lends support on initiatives in Yukon, the Northwest Territories, Nunavut and other provinces. We are so very pleased to have Bob on board with us, so please join us in wishing him a happy 15th year work anniversary! *********************** Nous aimerions féliciter Robert (Bob) Sloat, directeur régional pour l'ouest de l’Association canadienne de caution, pour son 15e anniversaire de travail. Au fil des années, Bob a été crucial pour faire avancer de nombreuses initiatives bénéfiques pour l'industrie du cautionnement dans l'ouest du Canada, ce qui a permis de développer des relations solides avec de nombreux intervenants. De plus, il a animé de nombreuses sessions éducatives informatives et a été un fervent défenseur de la sensibilisation à l'utilisation et aux avantages des cautions. Bob a une personnalité très accueillante, ce qui en a fait la personne à contacter pour les membres (et d'autres) de l'Association canadienne de caution dans les provinces de la Colombie-Britannique, de l'Alberta, de la Saskatchewan et du Manitoba. Avec son engagement zélé et dévoué envers son rôle, il a souvent apporté son soutien aux initiatives au Yukon, dans les Territoires du Nord-Ouest, au Nunavut et dans d'autres provinces. Nous sommes très heureux d'avoir Bob avec nous, alors rejoignez-nous pour lui souhaiter un joyeux 15e anniversaire de travail! #suretybonds #cautionnement #workanniversary #anniversairedetravail #association

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  • **Celebrate International Women’s Day (IWD) with SAC!** IWD is a global day celebrating the social, economic, cultural, and political achievements of women. The day also marks a call to action for accelerating women's equality. IWD has occurred for well over a century, with the first IWD gathering in 1911 supported by over a million people. Today, IWD belongs to all groups collectively everywhere. IWD is not country, group or organization specific. This year’s theme is: Invest in women: Accelerate progress. It’s a call to action and a reminder that gender equality is one of the most effective ways to build healthier, more prosperous, and more inclusive communities. We all have a role to play in building a future where everyone can reach their full potential. It is time to act – because women’s success is everyone’s success. To acknowledge and celebrate IWD, the Surety Association of Canada | L’Association canadienne de caution's Women in Surety Committee have arranged informal meetups which will be held *THIS WEEK* at the following locations: Regina: **Due to circumstances beyond our control, this location has been cancelled.** Dartmouth: Thursday, March 7, 2024   Coldstream Clear Distillery, 37 Logiealmond Close, Dartmouth, Nova Scotia Start time: 3:30 p.m. (AST) Toronto: Friday, March 8, 2024   Bier Markt Esplanade, 58 The Esplanade, Toronto, Ontario Start time: 5:00 p.m. (EST) Any and all *SAC members* are invited to join us to network, connect and to celebrate the amazing and talented women who are involved and working in the surety industry. No registration is required, just drop in to say hello. Note: Munchies will be provided, cash bar. ******************* To learn more about IWD, visit the United Nations (UN) Women website at: https://lnkd.in/gf_-7_SR Or visit the Government of Canada’s website at : https://lnkd.in/gkhg4sMR Special thanks to our Women in Surety Champion Sponsor, Travelers Canada, for their support! For French version: https://conta.cc/3wzTCIH #suretybonds #cautionnement #association #IWD2024 #JIF2024

    • Image featuring three women from various ages and ethnic backgrounds as well as this year’s theme "Invest in Women: Accelerate Progress" on a lavender coloured, cloud-like background. The name of the day “International Women’s Day 2024” is in the bottom right corner, and the Canada wordmark is in the bottom left corner, also on the lavender coloured background.

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