The CFIA said if licence expires, the affected business may be subject to enforcement actions and removal from export eligibility lists.
Or they will have to re-apply for a licence and while they wait for it to be approved, their business may be disrupted, including the ability to request export certification.
There is no penalty for renewing early. The renewed licence will remain valid for two years as of the original expiry date, the CFIA said.
When renewing a licence, businesses should review their Party Profile to ensure all information is up-to-date and accurate. If any changes were made, businesses are to ensure that their Party Profile is Validated, the CFIA said.