Importers, brokers and other trade chain partners should review recently published draft regulations that will change the way they interact with the Canada Border Services Agency (CBSA). The draft CBSA Assessment and Revenue Management (CARM) regulations are intended to support the final phase of CARM, which will modernize the CBSA’s systems and business processes used to assess and collect duties on imported goods. The final phase of CARM is scheduled for October 2023. The CBSA is asking for trade chain partners to provide feedback on the draft regulations by January 10, 2023.

The draft regulations, which include changes to regulations under the Customs Act and the Customs Tariff, are intended to:

  • Establish requirements for electronic communication between CBSA and trade chain partners
  • Implement simplified billing cycles
  • Impose requirements for electronic administration
  • Establish new financial security measures
  • Update outdated references and language.

We can help

For more information, contact your KPMG advisor or one of the following Trade and Customs professionals:

Kenneth Jordan
Partner, Trade and Customs
416 476 2257

Joy Nott
Partner, Trade and Customs
416 228 7175

Bob Sacco
GTA Trade and Customs Leader
416 777 3693

Angelos Xilinas
Partner, Trade and Customs
604 691 3479

For more information, contact your local KPMG adviser.

Information is current to December 8, 2022. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500

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