CARM: What all importers need to know about CARM

Stay informed on the latest trade war developement.

Terminology

C

CARM, CBSA Assessment and Revenue Management

CARM is a large, multi-year project to transform how the CBSA assesses, collects, manages and reports on import revenue and trade information. It will replace aging, and non-integrated revenue and cash management systems. CARM is being implemented in phases with Release 1 in effect on May 25, 2021, allowing importers to register in the CARM portal and view their Statement of Account.  Release 2, with mandatory importer registration and financial security requirements, is scheduled for May 2024.

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Quick Tip #16
Ensure basic information is completed on all commercial invoices

The commercial invoice is the basis for the Canadian customs entry and determines any applicable duties and taxes. Ensuring proper information is included is vital for the accurate processing of your shipment. The following information should always be shown:

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