CARM
CBSA Assessment and Revenue Management
Simplify the Release and Accounting of Your Goods with CARM by October 2024
What is CARM?
The Canada Border Services Agency (CBSA) is advancing its modernization efforts with the CBSA Assessment and Revenue Management (CARM) initiative. This project aims to revolutionize the import process for those in logistics, transportation, finance, supply chain, and procurement by simplifying customs procedures.
CARM is accessible via the CARM Client Portal (CCP), which all Canadian and non-resident importers need to register for to continue importing into Canada.
By October 2024 (CARM Release 3), new features such as Release Prior to Payment, a redefined Commercial Accounting Declaration (CAD), and unified billing cycles will be introduced, changing how goods are declared and billed.
Take Advantage of CARM Now!
CARM allows importers to streamline their trade operations, improve compliance, and increase efficiency, making it an essential tool for boosting business competitiveness.
A New Approach to Calculating and Paying Duties and Taxes on Imported Commercial Goods
The Canada Border Services Agency (CBSA) Assessment and Revenue Management (CARM) initiative is transforming how the CBSA will manage the import of commercial goods into Canada.
UNDERSTANDING CARM
Granting Authority
Importers must authorize their third-party service providers to continue managing their commercial import processes.
Post Financial Security for Release Prior to Payment (RPP)
Commercial importers will need to provide their own financial security to account for imported goods with the CBSA. For more information on RPP, visit here.
Paying Import Duties and Taxes with the CBSA
Starting this May, CARM will introduce the Commercial Accounting Declaration (CAD), replacing the current B3 Customs Coding and B2 Request forms.
Registering on the CCP
A CARM Client Portal business account will be necessary for importing goods into Canada. To register for CARM today, please visit here.
HOW SJK GLOBAL CAN HELP
CARM Transition Expertise
SJK Global Inc. brings deep expertise in guiding businesses through the transition to the CBSA Assessment and Revenue Management (CARM) system. They fully understand the new procedures and requirements, ensuring a smooth and hassle-free transition.
Reducing Compliance Risks
With SJK Global's support, importers can significantly reduce compliance risks during the CARM transition. Their knowledge ensures proper goods classification, accurate documentation, and strict adherence to customs regulations, minimizing the chances of delays or penalties.
Streamlined Processing
Leveraging their mastery of the CARM system, SJK Global simplifies the import process. They efficiently navigate the platform, ensuring faster transaction processing while reducing administrative tasks for importers.
Committed Support
Importers can count on SJK Global’s dedicated support throughout the CARM transition. Their expert team is available to answer questions, resolve issues, and offer guidance every step of the way, ensuring a seamless transition.
Enhanced Financial Security
SJK Global assists importers in optimizing financial security by effectively managing bond procurement. They ensure appropriate bonds are in place to guarantee duty and tax payments, lowering financial risks in international trade.
Custom Solutions
SJK Global offers custom solutions tailored to each importer’s specific needs. Whether it’s optimizing tariffs, navigating trade agreements, or implementing risk mitigation strategies, they provide expert advice to help importers make informed decisions.
