Understanding CARM: CBSA Assessment and Revenue Management

What is CARM?

CARM stands for the "CBSA Assessment and Revenue Management" system. This system went into effect on October 21, 2024. The Canada Border Services Agency (CBSA) now uses this system to assess and collect duties and taxes on commercial goods imported into Canada.

When Did CARM Go Live?

CARM officially went live on October 21, 2024.

How CARM Works

CARM modernizes the way duties and taxes are collected for imported goods. It allows businesses to interact directly with the CBSA. This new system aims to simplify processes for importers, Customs brokers, international trade consultants like Cangem Global, and freight forwarders. They will find it easier to understand and pay their duties and taxes. All of this can happen seamlessly through the CARM portal.

Benefits of Using CARM

CARM offers numerous benefits for businesses involved in importing goods. Here are some key advantages:

• Streamlined Processes: It eliminates cumbersome, paper-based processes, which can be time-consuming.

• Enhanced Access: Businesses gain better access to tools and information needed to navigate the importing process effectively.

• Participation in Commercial Programs: Companies can enroll in various commercial programs, submit required accounting documents, and receive timely notifications through their CARM Client Portal account.

• Improved Compliance Tools: CARM helps maintain a level playing field for all businesses. It provides the CBSA with improved compliance and enforcement tools.

  
  

What Happens If You Don't Participate?

Participation in CARM is crucial. If you choose not to participate, you must declare your goods and pay the necessary duties and taxes at the border. Only then will customs release your goods. Additionally, you may face penalties for late accounting, which can impact your business operations.

How to Register for CARM?

To get started, you need to create a CARM Client Portal (CCP) business account. A Business Account Manager (BAM) is responsible for creating this account and inputting the company information. To begin registration, see the links provided below.

What Happens After Registration?

Once you register, you will receive monthly statements of account from the CBSA. You will be responsible for making monthly payments for any duties and taxes owed.

Is CARM Mandatory?

Yes, CARM is mandatory for all businesses importing goods into Canada. This includes non-resident importers as well. The CBSA uses CARM to assess and collect duties and taxes on all commercial goods entering Canada, ensuring compliance and efficiency.

Important Links for CARM

Here are some key links for your convenience:

• Access the CARM Client Portal here: CARM Client Portal

• Get Started with CARM: Get Started with CARM

• Onboarding Documents: Onboarding Documentation

  
  

Contact Cangem Global

For more information about CARM, consider reaching out to Cangem Global. Getting started early is essential to avoid potential issues later. Visit www.cangemglobal.com for more details about our services.

Who is Cangem Global?

Cangem Global Corporation is a multinational corporation specializing in international trade consulting, shipping and logistics consulting, and trade compliance training. Our corporate headquarters is located in Mississauga, Ontario, Canada, with support offices in Dubai, UAE, and India.

For further information, consult Cangem Global to learn how we can help you navigate the complexities of CARM and international trade effectively.