Canada: CBSA Assessment and Revenue Management (CARM) release delayed to May 2024
Importers, brokers, and other trade chain partners have additional time to prepare for significant changes under the final phase of the CARM project
Importers, brokers, and other trade chain partners now have additional time to prepare
The Canada Border Services Agency (CBSA) has announced that CBSA Assessment and Revenue Management (CARM) Release 2 is not expected to become the official system of record for imported goods into Canada until May 2024 (although certain selected importers are still expected to have access to the CARM Release 2 system in October 2023 as part of a soft launch). Therefore, importers, brokers, and other trade chain partners now have additional time to prepare for significant changes under the final phase of the CARM project.
Importers of goods into Canada must register on the new CARM Client Portal (CCP) and review the new system prior to May 2024 to minimize potential disruptions to the supply chain. Importers will also have to post their own financial security to clear shipments and receive release prior to payment (RPP) privileges with the CBSA as of May 2024, subject to a 180-day transition period available for importers that are registered on the CCP before that date.
Read an August 2023 report [PDF 188 KB] prepared by the KPMG member firm in Canada
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