Ottawa, Ontario - Today, the Government of Canada published regulatory amendments and financial security regulations required for the full implementation of the CBSA Assessment and Revenue Management system (CARM). This publication in the Canada Gazette, Part II, confirms the new regulatory obligations.
The deployment of the next phase of CARM, release 2.0, remains on track for May 13, with the second live testing sessions with industry having ended on March 8. Conversations with industry on transitional rules continue, with the most recent decisions documented on the Canada Border Services Agency website.
The CBSA is working to enhance trade fluidity by upgrading the current account systems which are more than 36 years old, to a modern system that will track $40 billion in annual revenue.
Regulatory updates were made to:
- offer trade chain partners electronic self-service access to the CARM Client Portal (CCP)
- allow trade chain partners to provide the CBSA with:
- a security deposit electronically or
- an electronic confirmation that they have security to meet requirements under the Customs Act, and
- introduce simplified billing cycles and payment due dates
As part of the regulatory development process, Canadians and industry stakeholders were given the opportunity to submit their views and comments during a 45-day pre-publication period in the Canada Gazette, Part I. This consultation period for the CARM regulations occurred from November 26, 2022 to January 10, 2023.
