CARM: Transforming Trade Compliance with Canada

The Canada Border Services Agency (CBSA) is modernizing its trade compliance processes through the CBSA Assessment and Revenue Management (CARM) initiative. These new requirements are reshaping the way businesses import goods into Canada, emphasizing accountability, transparency, and compliance. Key updates under CARM include:

• Importer Liability : Importers are now directly liable for payment of duties and taxes, shifting financial responsibility from brokers to importers.
• Release Prior to Payment: Importers can secure goods before paying duties and taxes, provided they meet compliance measures, including mandatory financial security.
• Mandatory E-Bonds: Electronic bonds (e-bonds) are now required for importers to secure financial liability under CBSA requirements.
• Enhanced Compliance Measures: CARM introduces tools and guidelines to help importers meet CBSA standards, making adherence to regulatory requirements more efficient and accessible.

Recognizing the challenges and opportunities presented by CARM, we have designed Tariff Hippo to be more than just a software-as-a-service (SaaS) platform. It’s a solution that ensures your business is not just compliant with CARM regulations but also positioned to thrive in this new customs environment.

Campus: Your CARM Information Hub

Within Tariff Hippo, we’ve developed a dedicated section called Campus, a centralized repository for all things related to imports, this includes CARM. Campus is designed to keep you informed and ahead of the curve by providing:

• The latest CARM-related news and updates, ensuring you’re always in the know.
• Comprehensive guides and resources on all information related to Tariff and logistics, including the Commercial Accounting Declaration (CAD).
• Expert insights and tips on optimizing your customs processes in the CARM era, empowering you to make informed decisions.
• Campus serves as your one-stop-shop for navigating the intricacies of CARM and all other information, ensuring that staying compliant is not just simple but also beneficial for your operations.

Download CAD

Download Schedule

Download SOA (Pre October 2024 Version)

Download SOA (Current Version)

Download E29B

Take Action: Enhance Your CARM Compliance with Tariff Hippo

Whether you’re navigating CARM for the first time or looking to simplify ongoing compliance, Tariff Hippo is your trusted partner. Our platform streamlines the submission and management of mandatory e-bonds, ensures full alignment with CARM requirements, and offers expert guidance—all at competitive rates. Stay ahead of regulatory changes. Trade smarter and stay compliant with Tariff Hippo.