CBSA extends deadline for importers to post financial security

The Canada Border Services Agency (CBSA) has extended the transition period for commercial importers to post financial security in its Assessment and Revenue Management (CARM) system.

Importers now have until 3 a.m. EDT May 20 to comply, following a 30-day extension in response to stakeholder feedback. Those who fail to meet the deadline will lose access to the Release Prior to Payment (RPP) program, requiring duties and taxes to be paid before goods are released at the border.

The CBSA is encouraging importers to complete their electronic financial security posting well ahead of the deadline to avoid processing delays.