CARM: What all importers need to know about CARM

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CARM update to Release 2 implementation date

     CARM

Upon implementation of Release 2 of the Canada Border Services Agency’s (CBSA) Assessment and Revenue Management (CARM) program, all importers must post security, for duty and GST, in order to obtain release of goods into Canada.

As per Ted Gallivan, Executive Vice President of the CBSA, May 25, 2022, “The CBSA plans to present a revised project plan to the Treasury Board that shows the Go-live date (for CARM R2) as being 1 of 2 dates in 2023, either May 2023 or October 2023, in order to lock down the related regulations, rules of engagement, and to be sure that onboarding is complete.”

CARM Release 2 – Scheduled for May or October 2023

Key Functionality for External Clients:

  • Submit new commercial accounting declarations with ability to make corrections and adjustments.
  • All Importers must post security for duty and GST outlays in order to participate in RPP (Release Prior to Payment).
  • Harmonized billing cycle that aligns payment due dates and provides more time to make interest-free corrections.
  • Customizable electronic notification options.

IMPORTANT:  All importers to Canada (whether resident or non-resident) must take certain steps – if not, they simply won’t be able to import into Canada once CARM Release 2 comes into effect (May or October 2023).

For more details on posting security with CBSA and for tips on how to get ready, speak with your Universal Logistics Client Care representative.

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Make sure you read the fine print before purchasing insurance abroad for freight shipments.

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