The Canada Border Services Agency (CBSA) has implemented 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: As of October 4, 2024, the CBSA has launched CARM for trade chain partners. During the cutover period, which began today and ends on October 21, 2024, the CARM Client Portal will be unavailable.
- 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.
Overall, CARM aims to streamline processes, enhance compliance, and improve revenue collection for Canada. For more details, you can refer to the official announcement.