CARM 103: Basic Principles of CARM Release 2 (R2)
webinar | May 25, 2021
About CBSA’s CARM and Release Phases
The Canada Border Services Agency (CBSA) continues to accelerate its evolution and modernization through its CBSA Assessment and Revenue Management (CARM) initiative; completely transforming the agency’s import playbook from trade compliance to risk and information management.
On May 25th, 2021, Release 1 launched the CARM Client Portal, facilitating accounting and revenue management processes with the CBSA. All functionalities of the portal will be available as of Release 2 (R2) in 2023.
For more information about CARM, visit our Dedicated CARM Page, CBSA’s website and their FAQ's.
What Does Delmar’s CARM 103 Webinar Cover?
Joined by a special guest panelist from NFP Canada, Delmar’s Customs Brokerage specialists take participants through the basic principles of CARM Release 2 in preparation for 2023.
- Financial Security
- New Billing Cycles and Accounting Processes
Industry Expert Panelists
Team Lead, Commercial Surety & Marine, NFP Canada
Manager, Canada Customs Product Improvement and Regulatory, Delmar
Jo Ann Kairns
Manager, Business Services Brokerage, Delmar
Canadian Customs Brokerage Consultant of Advisory Services, Delmar
Canadian Customs Brokerage Manager of Post Entry & Advisory Services, Delmar
Why should you watch Delmar’s CARM 103 Webinar?
As a leading Canadian customs broker, Delmar has been proven successful in collaborating with the Canadian government on various customs brokerage initiatives. We continue to work closely with the CBSA in the development of the Commercial Accounting Declaration (CAD) through our involvement in the CAD Technical Working Group.
Through our partnership with the CBSA, our expert panelists cover what upcoming changes you should expect with R2.
Some Notable Upcoming Changes with Release 2
- Financial Security - Importers will be required to have a financial security bond, or post a cash deposit, to participate in the Release Prior to Payment program.
- Billing Cycles - New billing cycles and alignment of payment due dates will address current complexities of revenue management for businesses and the CBSA.
- Commercial Accounting Declaration (CAD) - Serves as the digital document to account for imported goods into Canada, replacing the current B3/B2 forms.
On Demand - CARM 102: Importers’ Guide to CBSA’s CARM Client Portal