Commercial importers provided 30-day extension to submit financial security before the end of CARM transition period

March 26, 2025

The CBSA has advised, that in response to feedback received from stakeholders, there will be a 30-day extension to the transition period. Importers will now have until 3 am EDT on May 20, 2025, to post their financial security in the CARM system.

Importers who do not post financial security requirement by May 20, 2025 will no longer be able to benefit from having their goods released electronically at the border prior to making payment of the duties and taxes. Without RPP, importers will have to pay all duties and taxes at the time of arrival at a port of entry.

Memorandum D17-1-8 provides detailed instructions for TCPs to follow in enrolling Release Prior to Payment program.

For more information please visit: https://www.canada.ca/en/border-services-agency/news/2025/03/commercial-importers-provided-30-day-extension-to-submit-financial-security-before-the-end-of-carm-transition-period.html

Topic(s)

CBSA Assessment and Revenue Management (CARM)

Disclaimer

The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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