CARM: What all importers need to know about CARM

Universal Logistics - Take The Right Route Logo with 70 Years Badge

CARM Update to Release 2 Implementation Date

CARM Update to Release 2 Implementation Date

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 information, please call Brian Rowe, Director – Customs Compliance & Regulatory Affairs at (905) 882-4880, ext. 1213.

More Trade Alerts:

June 2024

June 17, 2024
The BC Maritime Employers Association (BCMEA) has been advised that the International Longshore and Warehouse Union Ship and Dock Foremen Local 514 (ILWU local 514)…

June 2024

June 10, 2024
The PSAC (Public Service Alliance of Canada) have advised that CBSA strike action has been postponed until Wednesday, June 12th, while mediation continues. As per…

Switch to a Logistics
Partner Who Cares

Click the button below to find out why we’ve been Canada’s most trusted freight forwarder and customs broker for over 75 years.

Professional business people team meeting and working in corporate office concept

Register now to learn more about our

101 Logistics Quick Tips

Available exclusively from Universal Logistics