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
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
Understanding CARM Financial Statements The Canada Border Services Agency (CBSA) Assessment and Revenue Management (otherwise know as CARM) is a large multi-year project which started in 2016 with the Accounts Receivable Ledger (ARL). With release 2 of CARM, changes will be made to ARL. What Is ARL? ARL changed the
CARM | Duty and Tax Liability and Payment Under CARM Many Canadian importers have questions about the financial changes coming over the next year, and King Bros is here to help. Two of the biggest changes that will be ushered in by CARM Release 2 in Spring 2022 will be
CARM FAQ What is CARM? Canada Border Services Agency (CBSA) Assessment and Revenue Management (CARM) is a new system for providing financial security for goods being imported into Canada. Under CARM, importers will be responsible for providing the own security rather than using security provided by their customs broker. CARM
CARM, Surety Bonds and Posting Security: What You Need to Know CARM and Importer Security Bonds One of the biggest changes introduced by the Canada Border Services Agency (CBSA) Assessment And Revenue Management (CARM) is the need for importers to provide their own financial security in order to enjoy Release Prior
CARM | Your Guide To The Client Portal With the CBSA Assessment and Revenue Management (CARM) Release 1 already in place, we thought we would take this opportunity to share what we know about it so far. In this blog you will learn about the steps Canadian importers must take
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King Bros. Limited has been offering quality service as Customs Brokers and Ship’s Agents in Victoria since 1911. We maintain the only Customs Brokerage office in Victoria and are able to arrange clearance of your goods at any port in Canada.