CARM Set to Launch Next Week

After a year of preparation and testing, Canada Border Services Agency (CBSA) is set to officially launch its new duties and revenue system next week.

Beginning on October 21, 2024, CBSA Assessment & Revenue Management – or CARM – will become the official system of record for paying duties and taxes to the CBSA. CARM was initially set to launch in the spring of 2024, but was pushed back to October to ensure readiness of the system.

CARM will streamline the process for CBSA and importers, alike. Effectively with CARM, importers will be required to post their own form of financial security with Customs to account for their duties and GST on imports. While CBSA is determining other means of financial security, the current options would include posting a cash deposit, purchasing a Release Prior to Payment Bond (RPP), or prepaying through the CARM Client Portal (CCP).

Businesses should already be registered through the CCP to avoid any delays on imports or payments. However, if you’re still waiting to get set up, be sure to reach out to Scarbrough for assistance. To learn more about CARM and how it will impact the import process, please read this previously published blog post.