Canada Border Services Agency (CBSA) has recently gone live with their new CARM (CBSA Assessment and Revenue Management) System as of October 21, 2024. This system will modernize and simplify the importation of commercial goods into Canada. Once fully implemented, CARM will provide visibility and transparency for electronic commercial accounting declarations, harmonized billing cycles, new offsetting rules, enrollment in various CBSA commercial programs, electronic management of appeals, and compliance actions. It is critical that any contractor who imports goods (or who relies on third parties to import goods) as part of their supply chain, be aware of the additional risk during the 180-day transition period. Many construction inputs are imported, and the transition could lead to delays or disruptions in your supply chain. Read all about CARM here. |
