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New CARM Import Rules-Avoiding Canadian Import Problems

  • Accountant
  • CPA (CA)
  • CPA (US)

Published: August, 2022

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • CBSA Processes - The here and now
    6 mins
  • What is CARM?
    15 mins
  • CARM - Phase 1
    26 mins
  • Delegation of access - Service providers
    35 mins
  • CAD, Corrections and Adjustments
    42 mins

Course Description

Do you import the property into Canada?

Canadian residents and non-residents that bring goods into Canada will be subjected to new rules. Those who import property to Canada and do not comply with these new rules can find their import stuck at the border.

This Online Course will help you to understand the new CARM requirements and how to avoid expensive delays when importing goods into Canada.

Attendees in this Online CPE will learn about the new CBSA Assessment and Revenue Management (CARM) system and how it impacts people who import the property into Canada. The Canada Border Services Agency (CBSA) Assessment and Revenue Management (CARM) project is a multi-year initiative that will transform the collection of duties and taxes for goods imported into Canada. Through CARM, the CBSA will modernize and streamline the process of importing commercial goods.

Join this CPD Webinar for CPAs to understand more about CARM import rules!

Learning Objectives

  • To discuss the new Canada Border Services Agency Assessment and Revenue Management (CARM) system.
  • To identify the impact of CARM on different people importing property into Canada.
  • To discuss the new portal and how the registration process works.
  • To analyze what are the requirements for a security bond.
  • To inspect are different models for Supply considerations.
  • To recognize the expectations of importers once the new measures are active.

Recommended For

  • This CPD webinar is recommended for Canadian CPAs and other professionals who want to understand new CARM import rules and how to avoid expensive delays when importing goods into Canada.

Who Should Attend?

  • Certified Fraud Examiner
  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 General Credit for Accountant/Bookkeeper/Tax Professionals
  • 1 CPD Credit of Business Law for Chartered Professional Accountant (CPA Canada)
  • 1 CPE Credit of Business Law for Certified Public Accountants (CPA-US)

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Brian Morcombe

Partner – Indirect Tax, BDO Canada LLP

Brian has more than 24 years’ experience providing indirect tax solutions, including GST/HST, QST and PST support to non-resident and resident manufacturers, distributors, charities, financial institutions, municipalities, universities/colleges, schools and hospitals to name a few. He also works with clients on resolving WSIB/WCB and EHT issues.

Brian specializes in assisting non-resident clients with Canadian sales and payroll tax issues.

Brian has authored many articles on indirect taxation and regularly presents as part of international conferences on taxation.

Outside of the office, Brian is a pilot and Juno-nominated professional musician that made the Grammy Ballot in the USA and won the prestigious Parents’ Choice Award in the USA.

About Company

BDO Canada LLP

www.bdo.ca

What grew to be a leading provider of professional services to clients across Canada and beyond started as a single entrepreneur with a dream. BDO knows the challenges small businesses face, the growing pains of the mid-market, and what it means to become an enterprise, because that’s how the firm transformed over the last 100+ years.

Our teams deliver a comprehensive range of assurance, accounting, tax, and advisory services, complemented by emerging technology savvy, deep industry sector knowledge, and an understanding of the needs of local communities. As Canadian markets shifted over time, we adapted and evolved with them—offering a breadth of services to support the ever-expanding business landscape.

After years of national and international growth, our global BDO network positions us to provide consistent cross-border services to clients with global needs. With over 90,000 people working out of more than 1,600 offices in over 160 countries, the network generates worldwide revenue approaching $10.3 billion.

Our people-first approach to our talent experience has earned us multiple awards, including a spot among Canada’s Top 100 Employers for 2022

Faq

FAQs content

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