CARM FAQ
What is CARM?
CARM (or CBSA Assessment and Revenue Management) is a project by the Government of Canada aiming to simplify and streamline the process of importing commercial goods into Canada. It is the most significant change in the Canadian importing process in over 30 years.
How does CARM affect importers
CARM presents significant changes for both Canadian and Non-Resident businesses importing commercial goods into Canada. As a result, all importers must:
- Register to the CARM Client Portal
- Post their own financial security (surety bond or cash deposit) to participate in the Release Prior to Payment Privilege (RPP) program. (Your shipments will no longer be able to be released under your customs brokers’ import bond.)
- Review internal accounting processes to align with changes in billing cycles for the payment of duties, taxes, and fees.
Being registered in the CARM Client Portal and securing your own financial security is required to be able to import into Canada after October 2024. If you do not register early, you will experience delays with your shipments or your shipments will not be released.
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