CARM Relief Period for Late Accounting Ends on Jan. 19, 2025


Trade Update • January 17, 2025

CARM-CBSA

T he Canada Border Services Agency (CBSA) has issued a reminder regarding the transition measures outlined in item 34 of Customs Notice 24-29: Preparing for the CARM October Implementation – Cutover Period. These measures, which provided temporary relief from late accounting penalties, late payment penalties, and late payment interest related to the CARM implementation, will end on January 19, 2025.

Starting January 20, 2025, goods imported into Canada must be accounted for within the prescribed timeframes, and late accounting penalties may be issued for non-compliance.

New Relief Measures

The Agency understand that some challenges may remain as a result of the release 3 implementation and will announce a new relief measures for late payment penalties and interest in a Customs Notice shortly. Commercial goods that have been imported into Canada are expected to be accounted for within the prescribed timeframes. As such, late accounting penalties may be issued as of January 20, 2025.

Note: The Agency will not be issuing late payment penalties or assessing late payment interest until further notice.

For more details on CARM, please visit our page here.

We’re here to guide you every step of the way. If you have any questions or concerns, please reach out to us via email – carm@ghy.com, or phone 1-833-GHY-CARM.

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