The CBSA Assessment and Revenue Management (CARM) digital initiative is changing how CBSA assesses and collects duties and taxes on commercial goods imported into Canada.
The launch of the Canada Border Services Agency (CBSA) Assessment and Revenue Management (CARM) project has officially been pushed back from October 2023 to May 2024. The regulatory amendments relating to electronic communication and payment, the provision of financial security electronically, and billing cycles that are necessary to support the launch and use of CARM are still on schedule and are planned to come into force in May 2024.
CARM Release 2 is intended to expand the features of the CCP by allowing users to:
– submit, correct and adjust an electronic commercial accounting declaration (CAD) that will replace the current customs coding form (B3) and request for adjustment form (B2);
– post and monitor security to participate in the Release Prior to Payment (RPP) program as importers will no longer be able to rely on their customs’ brokers bond to participate in the RPP program;
– register for a Business Number and enrol in various CBSA commercial programs; and
electronically manage appeals and compliance actions.
CARM Release 2 will also introduce harmonized billing cycles. The Statement of Accounts (SOA) will be generated on the 25th of each month and generally the payment due date will be 10 weekdays after the 17th of the following month.