{"id":5016,"date":"2021-04-29T12:01:08","date_gmt":"2021-04-29T16:01:08","guid":{"rendered":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/?p=5016"},"modified":"2021-04-29T12:01:08","modified_gmt":"2021-04-29T16:01:08","slug":"importers-leverage-carm","status":"publish","type":"post","link":"https:\/\/clearit.ca\/canadian-customs-broker-blog\/importers-leverage-carm\/","title":{"rendered":"How Importers Can Leverage CARM ASAP"},"content":{"rendered":"

The global trade community, and more specifically Canada\u2019s trade community, is alight with discussions about CARM – CBSA\u2019s new framework for Assessment & Revenue Management (also known as CARM = CBSA\u2019s Assessment Revenue Management Project). We have previously discussed what CARM entails, exactly, but for those that haven\u2019t seen that piece, <\/span>CARM is:<\/b>\u00a0<\/span><\/p>\n

\u201cIt is a multi-year initiative kicked off by CBSA intended to fully transform and improve the importation process \u2013 benefiting both importers and CBSA officers.<\/p>\n

[…] CARM is a highly significant project, designed to streamline the collection of commercial revenue through electronic payment and document collection through a centralized platform.\u201d<\/p><\/blockquote>\n

(To read that full piece, click here: <\/i><\/b>What Importers Need To Know About CARM<\/i><\/b><\/a>)\u00a0<\/i><\/b><\/p>\n

Beyond understanding what the project is, it\u2019s critical that importers keep themselves informed so that they can take full advantage of CARM. There is a major opportunity here for those that import goods into Canada to leverage this framework in order to benefit their business in the long run.<\/p>\n

Companies that import goods into Canada must get a D120 customs bond to sort out duties and taxes, however CARM will enable importers to manage payments directly within the platform.<\/p>\n

\"CARM<\/p>\n

As a refresher\u2026 here are the benefits of CARM, once the project is fully implemented:\u00a0<\/b><\/h2>\n