CARM 103: Basic Principles of CARM Release 2

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 25^th, 2021, Release 1 launched the CARM Client Portal, facilitating accounting and revenue management processes with CBSA. All functionalities of the portal will be available as of Release 2 (R2) in May 2022. 

What will Delmar’s CARM 103 Webinar Cover? 

Joined by a special guest panelist from NFP Canada, Delmar’s customs brokerage specialists will take participants through the basic principles of CARM Release 2 in preparation for May 2022.  

Learn About:

• Financial Security 

• New Billing Cycles and Accounting Processes 

• Bonds 

Industry Expert Panelists 

Why should you attend Delmar’s CARM 102 Webinar Series?

As a leading Canadian customs broker, Delmar has been proven successful in collaborating with the Canadian government on various customs brokerage initiatives over the years and has been selected as one of a limited number of Canadian customs brokers to conduct advance Deep Cycle CARM Testing with CBSA. 

We continue to work closely with CBSA in the development of the Commercial Accounting Declaration (CAD) through our involvement in the CAD Technical Working Group.  

Through our partnership with CBSA, our expert panelists will cover what upcoming changes you should expect with R2. The sessions will also include a live Q&A portion.  

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. 

Register for Delmar’s CARM 103 webinar series to learn more about the basic principles of Release 2 and to have your questions answered in real-time by our industry expert panelists. Gain key insights on how to make your business’s CARM implementation as simple as possible. 

For additional CARM resources, such as access to our past CARM Release 1 (101 & 102) webinars, FAQ page and useful resources, visit Delmar’s dedicated CARM webpage here.