Your Statement of Account (SOA) is your balance with Canada Border Services Agency (CBSA). There are two versions of the SOA: an Importer SOA and Broker SOA. If you work with a customs broker, you’ve probably been using their SOA to view your account balance, transactions, and applicable fees associated with imports into Canada. According to the CBSA, less than 10% of businesses have access to their importer SOA.
Note: The CBSA recommends that importers sign up to access their monthly importer SOA before Release 1 of CARM.
Why you need to sign up for your Importer SOA?
The Importer Statement of Account (SOA) provides an accurate overview of your account balance and better insights into your trade activities. You will need to answer questions based on information from your SOA while registering on the CARM Client Portal (CCP).