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Start Date: 2025-03-23
End Date: 2025-03-29

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Main Stories

CARM Transition Period Extended by 30 Days

The Canada Border Services Agency has announced a 30-day extension for commercial importers to submit financial security via the CARM system, now due by May 20, 2025. This extension allows importers more time to avoid the removal of benefits from the Release Prior to Payment Program, which facilitates the electronic release of goods at the border before duties and taxes are paid. Importers are encouraged to post financial security ahead of the deadline to prevent processing delays.

Sources: Announcements: www.canada.ca

Canadian Transportation Economic Account Report

The Canadian Transportation Economic Account reported the transportation sector's output was $429.5 billion in 2021, contributing 8.3% to the GDP.

Sources: Open Government Data Set: www.statcan.gc.ca