CBSA Assessment and Revenue Manager project (CARM) is live. CARM is a client portal that will give importers, among many benefits, the ability to monitor their trade compliance and detect any discrepancies. Canada Border Services Agency (CBSA) has announced that they do not intend to proceed with the implementation of CARM Release 2 any time before January 2023.
Release 2 will expand the functionalities of the CARM Client Portal by adding:
- electronic commercial accounting declarations with ability for corrections and adjustments
- changes to release-prior-to-payment requirements for bonds
- harmonized billing cycles
- new offsetting options
- electronic management of appeals and compliance actions