CARM (Canada Border Services Agency (CBSA) Assessment and Revenue Management) is a new multi-phase, multi-year initiative that will modernize, streamline, and transform the collection of duties and taxes on goods imported into Canada. CARM allows trade chain partners to have an online cloud-based portal where they can view their business numbers, apply for new business numbers, make payments of duties and taxes, view their statements of accounts with CBSA, and much more.
CARM will become the system of record for importers to Canada on May 13, 2024, with the implementation of CARM Release 2. However, it is essential for importers to complete their registration as soon as possible to avoid the CARM blackout period from April 26, 2024, to May 13, 2024. Throughout this blackout period, accounting privileges and access to accounts will be temporarily unavailable, and the option to register for the CARM client portal will not be available.
