The Canada Border Services Agency (CBSA) announced that importers will now have until 3 am EDT on May 20, 2025, to post their financial security in the Assessment and Revenue Management (CARM) system.
Since the launch of the CARM system, a new financial security model exists whereby all commercial importers must post their financial security in CARM either by making a deposit into their importer account or by entering into a financial security agreement with a financial security provider to benefit from the Release Prior to Payment (RPP) Program.
Importers who do not post financial security in CARM 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 before goods can be released.
