Getting Ready for CARM Release 2
As a valued client of Near North Customs Brokers, we wanted to ensure you were prepared for the ongoing changes to our importing community with CARM (CBSA Assessment and Revenue Management project). With many of you seeking step-by-step support in this 2-phase modernization project to streamline the process of importing commercial goods into Canada, we’ve developed service packages to help you with both phases. Here’s where things are at and what you need to do to prepare for CARM.
The first step in preparing your company for CARM is to register on the CARM Client Portal. Registration is mandatory for all importers. If you have not done so already, this needs to be completed as soon as possible. Please see our last post on the how-to for mandatory registration here.
You can also contact us at [email protected]. We are always happy to answer questions over a quick phone call.
For those who would like more comprehensive support, here are our service packages:
We walk you through the whole on-boarding process, via Google Meet, Zoom or by phone.
We complete the registration process for you. Our full-service CARM set-up includes:
- Creating a GCKey; Multi-factor authentication (MFA); and personal profiles for two users
- CARM Client Portal (CCP) Business Registration
- CARM Client Portal (CCP) delegations:
- Internal: 2 Business Account Managers (BAM)
- External: Near North Customs Brokers as your customs broker
- Follow-up for the CARM Client Portal (CCP) login and a tutorial on Release 1 basic functions
When Release 2 goes live in 2023 (date not yet announced), importers will need to have financial security posted with the CBSA to take part in the Release Prior to Payment (RPP) program.
Importers without security will be required to remit payment of all duties and taxes at time of release at the port of entry.
Financial security can be in the form of a cash deposit or a bond.
The Importer is required to place a deposit on their account with the CBSA equal to their highest monthly duties and taxes owed from the previous 12 months. The deposit will remain as security on the importer’s account as long as they remain on the RPP program.
The bond amount must be equal to 50% of the highest monthly duties and taxes owed from the previous 12 months, with the minimum bond requirement being $25,000. With your authorization we can obtain a bond on your behalf.
Bond Amount: $25,000 to 99,999
Annual Fee: $550
Bond Amount: $100,000 and more
Annual Fee: Please contact us to discuss pricing
For all updates and resources, including website resources from the Canada Border Services Agency, please visit: nearnorthcustoms.com/carm.
We look forward to continuing to work with you.
Near North Customs Brokers