US EditionImporters warn new duty payment system could cause headaches, delays
- The Canada Border Services Agency is launching a new online payment system on May 20, 2025, affecting importers across Canada, including Montreal.
- This launch, building on a phased implementation that began in April 2024, mandates that importers provide a security deposit calculated from their highest monthly shipment volume within the previous year.
- The system, known as CARM, updates the 'release prior to payment' process by demanding a cash deposit or surety bond, aiming to ensure duty collection even if importers default, such as in bankruptcy.
- Only about 30% of over 197,000 active importers have enrolled in the key RPP component, though these account for over 80% of goods shipped, while brokers warn the added costs and complexity could disrupt supply chains and raise consumer prices.
- The new regime may cause logistical delays and financial challenges for importers, prompting concerns that some businesses might exit the market amid ongoing trade tensions and increased tariffs.
27 Articles
27 Articles
Importers warn new duty payment system will cause headaches, delays on top of tariffs
Importers are warning that the launch of a new online payment regime this week will cause financial headaches and logistical snarls for shippers bringing goods into Canada. Fresh rules come into force Tuesday [May 20] that require businesses importing products into the country to post a security deposit, among other financial commitments. As of last week, only about 30 per cent of the country’s more than 190,000 active importers had registered w…
WJFW NewsWatch 12
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Importers warn new duty payment system will cause headaches, delays on top of tariffs - MRO Magazine
Importers are warning that the launch of a new online payment regime this week will cause financial headaches and logistical snarls for shippers bringing goods into Canada. Fresh rules come into force Tuesday [May 20] that require businesses importing products into the country to post a security deposit, among other financial commitments. As of last week, only about 30 per cent of the country’s more than 190,000 active importers had registered w…
Winnipeg Free Press
Importers warn new duty payment system could cause headaches, delays
Breaking News, Sports, Manitoba, Canada
Importers Warn That New Duty Payment System Will Cause Further Delays - Canadian Manufacturing
Importers are warning that the launch of a new online payment regime this week will cause financial headaches and logistical snarls for shippers bringing goods into Canada. Fresh rules come into force on May 20 that require businesses importing products into the country to post a security deposit, among other financial commitments. As of last week, only about 30 per cent of the country’s more than 190,000 active importers had registered with fed…
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