CBSA Reschedules Annual Review of Financial Security Requirement for RPP
- Magnus Francke
- 6 days ago
- 1 min read
The Canada Border Services Agency (CBSA) has issued an important regulatory update concerning the timing of the annual review of the financial security requirement for importers using the CARM (CBSA Assessment and Revenue Management) system.
Previously conducted each July, this annual review has now been rescheduled to occur from October of a given year to October of the following year.
What This Means for Importers
Beginning with the 2024–2025 review cycle:
The CBSA will calculate updated financial security requirements based on importer activity from October 2024 through October 2025.
Importers will receive notifications via the CARM portal if any adjustments to their financial security are required.
If changes are needed, importers will have until January 15, 2026, to meet the updated requirement.
Going forward, this January 15 deadline will apply to each annual review cycle.
Why This Matters
This change is intended to give importers additional time to prepare for and respond to any financial security adjustments. It aligns the review timeline more closely with importers' fiscal planning periods and aims to improve compliance under the RPP (Release Before Payment) program.
For full details, you can access the original CBSA bulletin here:
