Reminder – Rescheduling of the Annual Review of Financial Security Requirement for RPP

The Canada Border Services Agency (CBSA) recently published CARM bulletin (#5404) regarding the rescheduling of the annual review of financial security requirement for Release Prior to Payment (RPP). The corresponding departmental memoranda, Memorandum D17-5-2 Financial Security for Release Prior to Payment, has also been updated. 

This bulletin is to inform Canadian importers that the annual review of the financial security requirement for RPP, originally scheduled to occur yearly in July, has been rescheduled to October of a given year to October of the following year.  

Please visit the linked resources for more information.  

Delmar Support 

Our Customs Advisory and Consulting experts remain available to assist with important questions regarding the topic at hand. Delmar will continue to provide pertinent updates as they become available.   

What Is CARM? 

On October 21st, 2024, the Canada Border Services Agency (CBSA)'s CBSA Assessment and Revenue Management (CARM) system became the official system of record for all commercial goods imported into Canada. This change has a direct impact on how importers can receive their duties and taxes invoices and how they can pay them.  Please click here for more information. 

For additional information and assistance, please contact your local Delmar Representative.