TORONTO, Ontario–The first phase of the Canada Border Services Agency’s (CBSA) Assessment and Revenue Management Project (CARM), Accounts Receivable Ledger system (ARL), began yesterday, changing the way importers see their accounting records.
CARM is a large, multi-year project that will change the way businesses interact with CBSA by transforming how the agency assesses, collects, manages and reports on import revenue and trade information. CARM’s first phase, ARL, replaces existing revenue and cash management systems.
Every importer with their own Account Security Number (ASEC) will experience major changes, including:
A fully integrated and centralized commercial client-based accounting system.
Enhanced electronic Daily Notices (DNs) that will detail the receipt and posting of added and existing transactionstransactions received in ARL during the previous day.
A new monthly Statement of Account (SOA) that will provide a summarized daily total for all documents posted within the current billing cycle and indicate the total amount payable and the payment due date.
All importers, with or without their own ASEC, will receive ePayment and internet banking options, allowing importers to pay electronically direct to the Receiver General. They will also receive credit offsets.
“CARM’s ARL phase allows CBSA to more efficiently and effectively manage and report on revenues collected on behalf of the Canadian government,” said Candace Sider, vice president for regulatory affairs at Livingston International. “This is only the first phase of many changes importers will experience and it’s important that they continue to stay abreast of the latest developments.”
Importers who hold their own ASEC should fill out the ARL application, which prompts them to choose how they want to receive DN/SOA (directly or through their brokerage company) and choose their file format. After working with their broker and reviewing their application for accuracy, importers should then send the completed application to the Technical Commercial Commerce Unit (TCCU) of CBSA.
Importers that do not hold their own ASEC number will not receive an electronic DN or SOA from CBSA, however they can pick up their balance statement at any ARL designated office of CBSA by providing their business number.