CARM
You need to know about CARM
How it affects your company
This portal allows businesses to register and manage their accounts with the Canada Border Services Agency (CBSA). Release 2, which will go live in 2024, means forms will be replaced with a new electronic accounting declaration.
All importers will need to register on the CCP to be able to take an active role in managing their accounts. CBSA CARM will not be changing the release process (this step will continue to be managed by a customs broker), and failure to register on the CCP and set up a bond will result in clearance delays and penalties at Release 2.
This rollout timeline for this project is changing over time, which means certain processes are yet to be finalized. To help you import into Canada, we are actively monitoring program changes and will update you as each release approaches.
CARM Release 2 Update
CBSA recently announced that CARM Release 2 will be available October 2024. For those clients registered in the CARM Client Portal (CPP) prior to October 2024, there will be a 180 day transition period to insure the importer’s financial security is in place. Mantoria recommends that importers register for the CPP as soon as possible, proceed with establishing their financial security, and adjust their internal workflows in order to be prepared ahead of the release 2 deadline. Please review the CARM Solution Spotlight to learn more about the financial security changes coming.
CARM Timeline
Mantoria is your guide
CBSA Onboarding Webinars
If you need help on registering in CARM portal, CBSA is offering monthly CARM Client Portal onboarding webinars.
You can click and register the one corresponds your preferences:
- English - Tuesday, September 17, 2024 - 1:00pm – 2:30pm EST
- French - Wednesday, September 18, 2024 - 1:00pm – 2:30pm EST
Anything you need to know about CARM Release 2
If you have already registered in CARM portal, we encourage you to attend one of CBSA monthly webinars to understand and be prepared for Release 2:
Make your life easier. Request your customs bond with Mantoria.
Financial security changes for Release Prior to Payment (RPP) privileges will come into effect with CARM Release 2. The CBSA will then require all importers wanting to participate in the RPP program to enroll and post security with the CBSA.
You can complete the form and request for a customs bond with Mantoria and be ready for Release 2. Note that the bond amount is subject to a new $25K minimum.
Contact us for any questions or concerns about the CARM integration process.
For more information, visit the CBSA website about CBSA Assessment and Revenue Management project and Features and benefits of CARM
Trust Mantoria’s capabilities to manage and streamline your supply chain
Mantoria is much more than a customs broker. We are your experienced partner in end-to-end logistics and fulfillment, from origin to final mile. For help with freight forwarding and transportation, Canadian warehousing, or order fulfillment services, you’re in the right place.
Speak to our team to find out more how we can add value to your business. Want to import goods into Canada and act as the Importer of Record? Check out our NRI page. We can also assist with U.S. customs clearance.
CARM
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