Overview
- The Canada Border Services Agency (CBSA) launched the CARM portal, requiring importers to provide upfront security deposits or surety bonds for goods based on peak monthly volumes.
- Only 30% of Canada's 197,000 active importers have registered for the 'release prior to payment' component, sparking concerns about compliance readiness.
- Importers and industry representatives warn the new system could strain cash flows, disrupt supply chains, and increase costs for businesses and consumers.
- CBSA asserts that CARM will improve cross-border transport by enhancing data access, streamlining customs processes, and securing government revenue even in cases of non-payment or bankruptcy.
- Critics, including Winnipeg-based customs broker Alan Dewar, argue the system complicates the import process and imposes unnecessary financial burdens on businesses.