What is CARM?
CARM is the "CBSA Assessment and Revenue Management" system that went into effect on Oct 21, 2024. The Canada Border Services Agency (CBSA) now assesses and collects duties and taxes on commercial goods imported into Canada using this CARM system.
When did it go live?
CARM went into effect on October 21, 2024.
What it does?
CARM is a system that modernizes how duties and taxes are collected for imported goods. It also allows businesses to transact directly with the CBSA. This system is going to make it easy for importers, Customs brokers, international trade consultants like Cangem Global, freight forwarders etc. to understand and pay duties and taxes and work with CBSA through the CARM portal.
What happens if you don't participate?
If you don't participate in CARM, you must declare your goods and pay duties and taxes at the border before customs will release them. You may also incur late accounting penalties.
How to register?
To register, you must create a CARM Client Portal (CCP) business account. A business account manager (BAM) must create the account and input the company's information. See the links below to start.
What happens next?
After registering, you'll receive a monthly statement of account from the CBSA, and you'll need to make a monthly payment for duties and taxes.
Is CARM mandatory?
Yes, CARM (CBSA Assessment and Revenue Management) is mandatory for all businesses that import goods into Canada, including non- resident importers: The CBSA now assesses and collects duties and taxes on commercial goods imported into Canada using this CARM system.
CARM also benefits trade chain partners by:
eliminating cumbersome and time-consuming paper-based processes
streamlining access to tools and information for importers, giving them the ability to enroll in commercial programs, submit accounting documents and receive notifications through their CARM Client Portal account
maintaining a level playing field for all businesses by providing the CBSA better compliance and enforcement tools
Important Official Links:
Access the CARM client portal here: https://ccp-pcc.cbsa-asfc.cloud-nuage.canada.ca/en/auth/login?utm_campaign=cbsa-asfc-carm-r3-24-25&utm_source=news&utm_medium=mdpr&utm_content=launch-oct21-en
Get Started with CARM: https://www.cbsa-asfc.gc.ca/services/carm-gcra/start-passer-eng.html
Onboarding documents: https://ccp-pcc.cbsa-asfc.cloud-nuage.canada.ca/en/onboarding-documentation
Contact Cangem Global today to get more information about CARM. Get started at the earliest to avoid issues later.
Who is Cangem Global?
Cangem Global Corporation is a privately held multinational corporation active in international trade (export & import) consulting, shipping & logistics consulting & international trade compliance training with our corporate headquarters in Mississauga, Ontario, Canada and support offices in Dubai, UAE and India.
Visit www.cangemglobal.com to learn more about us.
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