The Canada Border Services Agency (CBSA) is implementing the CBSA Assessment and Revenue Management (CARM) digital initiative to modernize the collection of duties and taxes for goods imported into Canada. Here are the key points from the press release:
- Internal Launch: CARM was successfully launched internally at the CBSA on May 13, 2024. This launch aimed to enhance the Agency’s compliance and enforcement efforts.
- Trade Chain Partners: Due to strike vote activity by the Public Service Alliance of Canada, the CBSA rescheduled the launch for trade chain partners to October 2024. Until then, trade chain partners continue to operate as usual.
- Benefits of CARM:
- Elimination of paper-based processes
- Improved tools for importers
- Enhanced compliance efforts by identifying errors and discrepancies in duties and tax submissions.
The link is: CARM: Assess and pay duties and taxes on imported commercial goods
Overall, CARM aims to streamline processes, enhance compliance, and improve revenue collection for Canada. For more details, you can refer to the official announcement.