Join us for a webcast on the effects of the new CBSA Assessment and Revenue Management (“CARM”) project on businesses. Businesses that import goods into Canada face some of the most significant changes in decades on how they report and account for imported goods to the Canada Border Services Agency (CBSA), including using a new portal and posting security by October 2023.
The CBSA CARM project is a multi-year initiative that will transform, modernize, and streamline the collection of duties and taxes for goods imported into Canada, including the use of a new CARM Client Portal (CCP). CARM Release 1 came into effect on May 25, 2021 while Release 2 will take effect in October 2023. Among various new obligations, importers will be required to register and set-up in the CCP as well as post financial security by October 2023. Importers that fail to set-up accordingly face delays in release of shipments.
During the webcast, KPMG Trade & Customs professionals will provide an update on the CARM project and discuss:
- The impact of the CARM project on businesses and how they must prepare and register to operate in this new environment
- The changing role of customs brokers
- The new requirements and obligations on businesses under the CARM project.