CARM stands for CBSA Assessment and Revenue Management. This multi-year initiative aims to upgrade and digitally transform the current importing process. Once implemented, CARM will provide importers with access to their trade information and account balances, direct payment solutions, and a myriad of trade tools that simplify their importing processes.
The Canada Border Services Agency (CBSA) realized that its business systems were failing and required a complete overhaul. That’s why it launched the CARM project to:
- Strengthen audit controls.
- Increase risk management.
- Ensure higher compliance of Canada importers with import rules and regulations.
The goal of this initiative goes beyond providing a self-serve portal for trade chain partners to submit their import forms, track their activities, and pay their customs duties. In fact, the main idea is to tighten the Agency’s control over Importers of Record (IORs) and identify areas of poor compliance and underpaid customs duties.
All importers to Canada are required to take part in the CARM initiative. Although there is no impact on the release process of imports, every Canadian importer will be required to register and access the CARM Client Portal (CCP) for eligibility to import into Canada. Registration must be completed before Release 2. The Go-Live Date (for CARM Release 2) being no earlier than October 2023.
As an importer to Canada, CARM will help streamline your import processes more efficiently and allow the government to collect the revenue needed to deliver the programs Canadians depend on. CARM has no impact on the release process of your imports, but it will help ensure that you’re fully compliant with import rules and regulations while paying the right customs duty. CARM will also enable you to track your forms, make payments, and reconcile your trade reports in a more standardized way.
The CARM Client Portal (CCP) is a simple and secure way to transact with the CBSA. Importers will be able to view their Statement of Account (SOA) with financial transactions, make credit card or pre-authorized payments, and submit appeals and rulings requests.
As of CARM Release 1, the CCP will only provide importers with a visual of Import Entry Numbers and amounts owing. In the future, a new suite of tools will be made available to assist importers and declarations via the new electronic Commercial Accounting Declaration (CAD).
We’re here to make your CARM adoption and compliance experience as seamless as possible. At GHY we have all the knowledge, expertise, and tools to help you get a head start with CARM. As we connect, we’ll share Trade Tools
that deliver benefits others will have access to only when CARM’s Release 2 is rolled out – no earlier than October 2023.
In short, today we provide importers with features and functionalities that the CBSA may only be able to provide in the years ahead.