CBSA/CARM - RPP Bonds
Changes will soon be implemented by the Canadian Border Services Agency (CBSA) as it pertains to the collection of duties and taxes for commercial goods imported into Canada.
The CBSA’s Assessment and Revenue Management (CARM) Client Portal is a self-service tool that facilitates accounting and revenue management processes with the CBSA. The portal will enable importers, and their customs brokers and/or trade consultants, to view their transactions and statements of account, classify goods and estimate duties and taxes.
The next phase of CARM will include electronic commercial accounting declarations with the ability for corrections and adjustments, as well as the requirement for importers to post security to participate in the Release Prior to Payment (RPP) privilege program. One of the mandatory requirements in the next phase will be for importers to provide direct financial security to clear their shipments for arrival into Canada.