‘ CARM’ Category

CARM | What You Need to Know as a New Importer

The process of getting started as a commercial importer can be daunting. If you’re importing commercial goods into Canada for the first time and it feels like you’re jumping head-first into the deep end of the import process, don’t worry! Below, we’ve broken the process down into manageable steps. Here are some action steps: Get…

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CARM | Glossary of Terms and Acronyms

Accounts Receivable Ledger (ARL) – the official system of commercial accounting and payment used by CBSA. The ARL was introduced in 2016 as the first step in the CARM transition and will be replaced in 2022. Advance Ruling – a ruling issued by CBSA on the tariff classification of specific commodities. B2 and B3 –…

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CARM and the Commercial Accounting Declaration

During next year’s CARM Release 2, the current accounting documents used by CBSA will be replaced by a single new declaration. The B2 and B3 System The current accounting documents are the CBSA B3 (Customs Coding) and B2 (Request for Adjustment) forms. If you’ve ever self-declared a shipment in person, you will have filled out…

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CARM Introduces a New Billing Cycle: What You Should Know

CARM Release 2 will usher in several changes to the CBSA billing cycle. Under CARM, the Commercial Accounting Declaration will be required to be submitted to CBSA within five business days of the release of the goods for both High-Value and Low-Value shipments. High-Value shipments are shipments valued at over $3300 CAD. Low-Value shipments are…

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