It is important to know that CBSA will require all importers (including non-resident importers) and their trade chain partners to register for a CARM account, to allow your broker to release your goods and make entry on your behalf. Failure to apply for a CARM account will prevent you from importing.
What is the timeline?
The implementation of CARM goes into effect in two phases.
- Release 1 began on May 25, 2021. Release 1 requires registering for a CARM account and linking your business and trade partners with CBSA on the CARM Client Portal (CCP).
- Release 2 will begin in May 2024. In release 2, the functionalities will be expanded to submit, correct, and make adjustments to the Commercial & Accounting Declaration (CAD). The CAD will replace the current B-3 and B-2 adjustment forms. One key change for importers is that they must post their own security, meaning they will no longer be able to use their Broker’s security. That means that non-resident importers will need to get an Importer Security Bond. As the importer security bond is a paper process, please allow several months to secure the security bond.
What are my next steps?
- Have a corporate executive set up a CARM Client Portal user account by acquiring a GCKEY or through a Sign-in-Partner (Financial Service Provider).
- Once you have the account set-up, please link to your business account.
- Set up your Importer Security Bond, as it is mandatory to import.
- Allow three months to complete, as it is a paper process.
- Contact your Canadian Customs Broker for assistance.