CBSA Assessment and Revenue Management Initiative (CARM) portal is live as of May 25, 2021.
What is CARM?
CBSA has launched a multi-year initiative to modernize, streamline, and transform the importation of shipments into Canada. The key focus of this initiative is to develop capabilities that will simplify and reduce import costs, and enhance compliance.
How will CARM impact you?
Be ready: What do you need to do?
CARM will be rolled out in two comprehensive releases to support the complex implementation efforts of importers and other trade chain partners (customs brokers, consultants, surety companies, freight forwarders, etc.)
Release 1 – launched on May 25, 2021
Release 2 – no earlier than January 2023
Basic CARM Client Portal functionality for importers and trade chain partners
Full portal functionality along with enforcement of regulatory changes
Risk of not being ready on time
Imports into Canada will not be allowed if:
We are making significant investments in systems, people, and capabilities to support your business and we will be ready with you!
CONTACT SCHENKER FOR MORE INFORMATION:
If you have any questions, please email your KAM or Schenker’s Client Services team at firstname.lastname@example.org Schenker of Canada Limited (Customs Department)
1Release Pior to Payment:
RPP Privilege is a privilege that entitles importers who have posted financial security and obtained an account security number to:
(a) obtain the release of goods from the CBSA before paying duties and taxes;
(b) defer accounting for goods; and,
(c) defer payment of duties and taxes.
2Security: two options to be eligible for RPP:
The highest monthly accounts payable period is the 12 months between July 25 of the previous year to June 24 of the current year. An estimate will be permitted for importers who wish to post a bond, but do not have a 12-month history of accounts payable.
3Accounts Payable: Total duties, taxes, including GST, fees, interest, adjustments, and SIMA due to CBSA. The bond will also secure penalties, but they are not used in the bond amount calculation.