- On 2 August 2024, the Canada Border Services Agency (CBSA) announced in Customs Notice 24-25 that a transition period for submitting adjustments to commercial import transactions will be in effect from 1 September 2024 to 20 October 2024.
- During this period, importers and trade chain partners are asked to refrain from submitting single Form B2 adjustments, blanket B2 adjustments and voluntary disclosure requests while the CBSA transitions to Release 3 of the CBSA Assessment and Revenue Management (CARM R3) system.
- This Tax Alert provides a brief overview of the latest information released by the CBSA with respect to the CARM R3 system.
Source EY
