CBSA kicks off Assessment and Revenue Management program

Chamber of Shipping > Blog > News > Government > CBSA kicks off Assessment and Revenue Management program

The CBSA Assessment and Revenue Management (CARM) digital initiative is bringing significant changes to how CBSA handles the assessment and collection of duties and taxes for commercial goods imported into Canada. To prepare for the upcoming changes, importers and other participants in the trade chain must register and adjust their systems and operational procedures before May 2024. Taking proactive steps to align with CARM now is crucial to avoid potential disruptions and delays in the future. Importers should prioritize business registration and the appointment of a business account manager within the CARM system. Customs brokers should assist their clients in the registration process and may require new software to adapt to the changes. Trade consultants, financial security providers, and other trade chain partners should also familiarize themselves with the necessary steps to initiate their involvement with CARM.

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