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TCC26-0019: CARM Late Payment Interest Calculation
In order to support the transition to the CBSA Assessment and Revenue Management (CARM) system, the CBSA in January 2025 put in place transition measures for late-payment interest as per Customs Notice 25-02 . Starting on January 31, late-payment penalties and late-payment interest will no longer be waived, and monthly calculation on unpaid debts such as duties, penalties and other amounts owing will resume. The late-payment interest will start accruing on accounts with
barrymurphy817
Feb 111 min read
Incorrect Financial Posting of Commercial Accounting Declarations Appearing on the August Statement of Account
Corrections and adjustments submitted in CARM between August 3 and August 13 may show an incorrect financial posting on an importer’s...
barrymurphy817
Aug 29, 20251 min read
End of U.S. de Minimis Exemption Sends Shockwaves Through Europe’s Logistics Sector
From August 29, all non-postal consignments to the U.S. valued under $800 will lose duty-free status under an executive order signed by...
barrymurphy817
Aug 29, 20251 min read
Tariff-Exempt Exports Top 80% as Canadian Companies Scramble to Comply with CUSMA
United States President Donald Trump has prompted a flood of companies to become eligible for protection from duties under...
barrymurphy817
Aug 22, 20251 min read
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TCC26-0019: CARM Late Payment Interest Calculation
In order to support the transition to the CBSA Assessment and Revenue Management (CARM) system, the CBSA in January 2025 put in place transition measures for late-payment interest as per Customs Notice 25-02 . Starting on January 31, late-payment penalties and late-payment interest will no longer be waived, and monthly calculation on unpaid debts such as duties, penalties and other amounts owing will resume. The late-payment interest will start accruing on accounts with
Feb 11
Incorrect Financial Posting of Commercial Accounting Declarations Appearing on the August Statement of Account
Corrections and adjustments submitted in CARM between August 3 and August 13 may show an incorrect financial posting on an importer’s...
Aug 29, 2025
End of U.S. de Minimis Exemption Sends Shockwaves Through Europe’s Logistics Sector
From August 29, all non-postal consignments to the U.S. valued under $800 will lose duty-free status under an executive order signed by...
Aug 29, 2025
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