What is this webinar about?

The CBSA Assessment and Revenue Management (CARM) project is a multi-year business transformation initiative. Once implemented, it will facilitate trade compliance and modernize revenue management by automating manual processes required to assess, collect, manage, and report on trade information. 

The first phase of CARM is the Accounts Receivable Ledger (ARL), which simplifies the assessment and collection of revenue by managing and reconciling all the transactions of an importer or broker under a single account.

CARM and ARL will bring many changes to how importers make payments to the CBSA and receive their reimbursements, along with how importers receive their monthly account statements. Learn about the upcoming changes and estimated timelines from the CBSA in our free webinar.

• The replacement of the K84 process with enhanced electronic Daily Notices (DNs) and monthly Statements of Account (SOAs)
• Estimated timelines of implementation from the CBSA
• ePayment and internet banking options for commercial clients
• Potential changes for Non-resident Importers (NRIs) making payments under the Importer Direct Security Option

About our Presenter: Bethe Jarcaig

Bethe Jarcaig is the Corporate Credit Manager at Farrow. In this role, she is responsible for the management of the Farrow Collection portfolio and coordinating the activities of credit and collections for all Farrow Companies in both the U.S. and Canada.
 
As the Farrow lead on the Accounts Receivable Ledger (ARL) and the CBSA Assessment and Revenue Management (CARM) project, she is involved with the importing community in implementing these initiatives by providing feedback as to how timelines and changes will impact clients and the collection and refunds of duties and taxes.
 
During her 20+ year career in Finance with Farrow, bad debt charges have averaged under 1%; a significant accomplishment for the credit team at a company with cash flow in excess of $2 bn/year.

Have any questions? - If you have any questions about the information covered in this webinar, please contact your client partnering representative. Not a Farrow client? Talk to an Advisor 

Farrow is a customs broker and logistics provider with over 100 years of expertise in international trade. Owned and operated by the third generation of the Farrow family, with the fourth generation now involved on a day-to-day basis as well.  With over 700 employees and 31 offices and warehouse locations, Farrow is among the largest private and family owned customs brokers in North America.