The CARM Canada program is a revolutionary shift in the way that trade is conducted in Canada. Under CARM, the importer will become liable for the entire importation process. While before, customs brokers could post RPP security on your behalf, this will no longer be the case.
Instead, you will have to post your own security. This change will not eliminate the role of customs brokers, however. They will still play a crucial role in helping you calculate taxes and complete paperwork. And because they are regulated, they will need to comply with these new rules.
The CBSA has committed to implementing CARM Release 2 in phases, beginning in May of next year. CARM will also introduce new options for duty and tax payment, billing cycles, and CBSA program and business number registration.
Phase two is expected to begin in May 2022, when all importers will be required to register. For more information, visit the CARM Canada website. But be warned: there is no substitute for preparing for CARM. The CBSA has promised to make the transition as seamless as possible.
CARM Canada simplifies the import process and gives importers and customs brokers a new modern interface to manage their businesses. Importers will also find it easier to calculate duties and taxes and submit e-declarations.
CARM is expected to result in faster, more efficient clearance and fewer orders being held up at customs. In phase one, CARM is only being implemented for some importers. Once it becomes fully implemented, registration will be required for everyone importing into Canada.
For importers, brokers, and trade consultants, the CARM Client Portal has launched a new online interface that enables users to view transactions, view statements of account, and request rulings. Users can even pay invoices via the CARM Client Portal. This makes it easy to manage the entire import and export process with one single login. It’s important to have a backup BAM for emergencies. That way, if an employee leaves the company, they can access the CARM Canada account and continue working.
As soon as the CARM release is finished, the Canada Border Services Agency (CBSA) will be required to begin using a brand-new electronic commercial accounting declaration form. Both the existing Request For Adjustment form and the Customs Coding form will be replaced by this new form.
In addition, the new functions that have been added to the procedures for billing and payments will cause a transition in the way that corrections are managed. Because of CARM, businesses that import goods will no longer be able to rely on the services of customs brokers as a way to ensure the safety of their shipments of commercial goods.
CARM registration and delegation will serve as the basis for all of your interactions with the CBSA, regardless of whether you are bringing in a single item or sending out an entire shipment. When CARM R2 goes into effect, the entire process of importing and exporting will be monitored and tracked, beginning with the export and continuing through payment.
As a consequence of this, CARM registration and delegation are going to be absolutely necessary to your success as an importer. After you have completed this step, you will have access to the most recent information regarding your shipment as well as the customs duties that apply to it.