CBSA Assessment and Revenue Management (CARM) is coming are you ready?  CARM will change how the importing community pays their duties and taxes to the Canadian government.  CARM is meant to modernize and streamline the importing processes by providing and interface, ability for self assessment and a clean up a compliance processes.  The importing process as we know it today will change as each phase of CARM is rolled out.   Speak to the The OC to learn more about this important change that will impact you as it is rolled out or join one of our online webinar series.

The first phase of CARM was the roll out of the Accounts Receivable Ledger (ARL) in 2016.  This was a significant change to how Canada Border Services Agency (CBSA) recorded, collected and applied payments that had taken place from the Agency.  The focus of ARL was the accounting within the Agency that some major changes happened as a result of ARL were:

• Move to importer based accounting and security.  
• Daily CBSA accounting reports to a customs broker/importer moved from paper to electronic now referred to as Daily Notice (DN)
• Monthly CBSA accounting reports to a customs broker/importer moved from paper to electronic now referred to as Statement of Account (SOA)
• Electronic payments to CBSA
• CBSA offsetting rules now in place

A key change with ARL is that every transaction that is imported is now linked to a business number.  You are responsible for all transactions that are posted to your business account and should understand, be in control and have visibility to those transactions.   As an importer you should understand all transactions posted, paid, offset or outstanding to your business accounts.  The OC are industry leaders in ARL and have been actively involved this program since it started.  Contact The OC today to not only help you understand ARL but ensure that you have no money owing or missing.