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CBSA reminds importers to submit financial security before CARM transition measure ends in April

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OTTAWA, ON, Feb. 28, 2025 /CNW/ – The Canada Border Services Agency (CBSA) Assessment and Revenue Management (CARM) system has been operational since October 21, 2024. Since then, a new financial security model exists whereby all commercial importers must post their financial security in CARM to benefit from the Release Prior to Payment (RPP) program. They can no longer use the financial security posted by their customs brokers. The RPP is an option that allows importers, who have posted financial security, to benefit from a fully electronic release process for the importation of commercial goods before paying duties and taxes.

The CBSA is reaching out to commercial importers to remind them to provide the financial security requirement to benefit from the RPP program prior to the end of the CARM transition period on April 19, 2025.

An importer who does not meet the financial security requirement of RPP by the end of the 180-day transition period will no longer be able to benefit from having their goods released electronically at the border prior to making payment of the duties and taxes. Presenting a commercial entry for payment at the time of release introduces longer paper-based processing times in comparison to the electronic release option. Once enrolled in the RPP program, importers are not required to visit a commercial office to pay for the duties and taxes owed at time of release of their commercial shipment.  

To enroll in the RPP program, importers must follow these steps:

Obtain a Business Number (BN): Register with the Canada Revenue Agency (CRA) to acquire a nine-digit BN, which serves as a unique identifier for your business.Register for an Import Program Account (RM): Using your BN, register for a 15-digit import program account (RM) through the CARM client portal.Enroll in the RPP Program: Within the CCP, navigate to the “Program Account Profile” section and select the RPP sub-program.Post Financial Security: This can be done by posting an electronic written security agreement or an electronic cash deposit. The amount is determined based on the importer’s highest monthly accounts receivable in the last 12 months, inclusive of GST.

For a list of financial security providers that are registered in the CARM system please refer to the Financial security providers web page.

Quick facts

Participating in the RPP program offers several benefits :Accelerated Goods Release: Minimizing potential costs and delaysDeferred Accounting and Payment for goods: Improving cash flow managementEnhanced Supply Chain Efficiency: Reduced border wait times and expediting customs clearanceOver the last few months, the CBSA actively communicated changes impacting procedures for importing commercial goods into Canada.In April 2024, the CBSA announced a phased approach in the implementation of CARM as the official system of record for the importation of commercial goods into Canada, starting with an internal launch on May 13, 2024, and with an external launched for trade chain partners in the Fall of 2024.In May 2024, the CBSA announced that CARM would launch externally and become the official system of records for the collection of duties and taxes for goods imported into Canada on October 21, 2024.In August 2024, the CBSA announced a series of transition measures to ensure continued border fluidity and timely submission of accounting and payment of duties after CARM implementation on October 21, 2024. One of these measures concern the introduction of a 180-day transition period to give importers and their service providers time to adapt to the new financial security model and avoid border disruptions.To support CARM users, the Agency has been publishing updates to the CARM bulletins web page, which allows users to stay informed of important updates, such as planned outages, known issues, and resolution times.The CARM Client Support Helpdesk continues to be available to provide support. To respond to the ongoing high volume of support calls the Helpdesk team has added additional resources and dedicated a work flow for CARM registration enquiries. User guides and the CARM Go-Live Playbook are also available on the User Guides web page to help clients navigate the CARM Client Portal. Clients requiring support for Electronic Data Interchange or Application Program Interface may contact the CARM Technical Support Unit.The CBSA is the second-largest revenue generator for the Government of Canada, collecting $40 billion a year in duties and taxes on all commercial goods imported to Canada. The aged technology that was being used to do this work was putting this revenue at risk. To address this risk, the CARM project was initiated to update information technology systems and processes.The transition measure for late accounting penalties (LAPs) ended on January 19, 2025. Trade chain partners are required to submit the final accounting for their releases to ensure that they maintain RPP privileges. The CBSA will resume daily monitoring of overdue releases/missing final accounting, and may issue late accounting penalties, assess duties and taxes based upon the release information provided, and post monies owing to the business number owner’s account. Importers are invited to review our Customs Notice 25-02 on late payment penalties and interest.

Associated Links

CBSA-accredited financial security providersCARM: CBSA Assessment and Revenue Management projectAccess the CARM Client PortalCARM client service and helpdeskCustoms Notice 24-27: CARM October Implementation – Transition MeasuresBulletins – CARM

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SOURCE Canada Border Services Agency

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Club Offers for Travel Enthusiasts in Canada

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October 23, 2026

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TORONTO, Oct 23, 2026 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces three of many new Club Offers for Club Members in Canada.

Rigorously vetted and negotiated for us travel enthusiasts:

$799—COSTA RICA WEEK WITH FLIGHTS & CAR
We think fall is an ideal time to visit Costa Rica; the scenery is lush and the crowds are gone. Drive between volcanic Arenal and the idyllic beaches of Tamarindo on this seven-night trip. Since it’s not as busy, we were able to negotiate a price that saves members up to $648 on departures through mid-December.

$899—BARCELONA: 5 NIGHTS WITH FLIGHTS
Explore Barcelona’s world-class museums and architectural masterpieces in the quieter winter months to pack more into your trip. You won’t waste hours in lines and can access top restaurants that are fully booked in summer. We save $300 on travel this January and February, when temperatures are still spring-like. Roundtrip flights from Toronto, hotel and daily breakfast are included.

$999—ST. KITTS GETAWAY FOR 2, REG. $2083
Most visitors to St. Kitts book months in advance, but when we pointed out that travel enthusiasts are more spontaneous, this resort gave us a terrific rate for stays this November and December. Spend four nights in Frigate Bay and get an upgraded Oceanview room, too.

Are you a travel enthusiast? Join the club today: https://travelzoo.com

Who are we?
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travellers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.

Media Contact: 
Amanda Ieraci – Toronto
+1 437 866 8540
aieraci@travelzoo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/club-offers-for-travel-enthusiasts-in-canada-302918543.html

SOURCE Travelzoo

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Howard Hughes Holdings Set to Join S&P SmallCap 600

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1 hour ago

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October 23, 2026

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Howard Hughes Holdings Inc. (NYSE: HHH) will replace Arcosa Inc. (NYSE: ACA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 28. S&P 500 constituent CRH plc (NYSE: CRH) has acquired Arcosa in a deal that closed today, October 23.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name  

Action

Company Name

Ticker

GICS Sector

October 28, 2026

S&P SmallCap 600

Addition

Howard Hughes Holdings

HHH

Real Estate

October 28, 2026

S&P SmallCap 600

Deletion

Arcosa

ACA

Industrials

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/howard-hughes-holdings-set-to-join-sp-smallcap-600-302918511.html

SOURCE S&P Dow Jones Indices

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Chelsea FC announces multi-year sleeve partnership with Sokin, the business payments and FX platform

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2 hours ago

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October 23, 2026

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Chelsea FC name fast-growing fintech platform as Principal Partner

LONDON, Oct. 23, 2026 /PRNewswire/ — Chelsea Football Club has today announced a multi-year partnership with Sokin, the embedded finance and payments company used by businesses worldwide. Sokin will be named a Principal Partner and Official Business Payments and FX Partner of Chelsea FC and Chelsea FC Women.

As a Principal Partner, Sokin will be represented on the sleeves of the Chelsea FC men’s, women’s and academy home, away, and third kits from the 2026/27 season.

The partnership brings together two ambitious London-headquartered organisations with worldwide reach – a club with millions of fans across the world and a fintech platform through which businesses move more than $11 billion a year. A club of Chelsea’s scale works in many currencies every day, with partners, competitions and supporters around the world, and needs a financial partner built to handle that.

Sokin gives finance teams business payments, multi-currency accounts, foreign exchange, checkout and treasury in one place, so they spend less time juggling banks and providers and keep more of what they move.

As Official Business Payments and FX Partner, Sokin will simplify how Chelsea FC sends, receives and manages money in the currencies the club operates in.

The Sokin logo will feature on the sleeve of the Chelsea shirt for the first time [when the men’s team host Tottenham Hotspur at Stamford Bridge on Saturday 24th October.]

Jason Gannon, President at Chelsea FC said:

“At Chelsea, we seek to partner with organisations that share our ambition and innovative mindset. Sokin’s expertise in business payments, and their focus on making both simpler for the businesses they serve, makes them a natural fit for the Club. We are pleased to welcome Sokin to the Chelsea family and look forward to working together in the years ahead.”

Vroon Modgill, CEO and founder at Sokin said:

“Chelsea plays on the biggest stage in world football, and its business runs in dozens of currencies. Sokin was built for that with regulated, multi-currency payments and foreign exchange for organisations that operate internationally. We’re proud to be the platform behind the business payments and FX of one of the most iconic teams in football. Sokin’s platform serves businesses in more than 170 countries. We’re thrilled to be partners for the season ahead. An organisation as sophisticated as Chelsea doesn’t leave its finances to chance.”

About Sokin

Sokin is the financial layer global business runs on. Businesses can transact, convert and hold money in 70+ currencies across 170+ countries. Some businesses use Sokin to manage global finance in-house. Others build it into their products to power financial experiences for their customers. Businesses move more than $9 billion a year on licenses Sokin holds in 36+ countries and infrastructure Sokin owns. Founded in 2019, Sokin has raised over $100 million from investors including Morgan Stanley Expansion Capital and Prysm Capital.

About Chelsea Football Club

Chelsea Football Club is one of the biggest, most successful football clubs globally and our men’s team are reigning world champions, having won the four-yearly FIFA Club World Cup in 2025. Our women’s team, Chelsea Women, are also multiple trophy winners.

Founded in 1905, Chelsea is London’s most central football club, based at the iconic 40,000-capacity Stamford Bridge stadium. Nicknamed the Blues, the club lifted the Champions League for the first time in 2012 and domestically has won the Premier League five times, the FA Cup eight times, the Football League Cup five times and the Football League Championship once, in 1955.

The Chelsea Women’s team have enjoyed a huge amount of success and in 2025 won the FA Women’s Super League for a sixth consecutive year and the eighth time overall. The Women’s FA Cup has been won on six occasions. We have also captured the FA Women’s League Cup four times as well as reaching the UEFA Women’s Champions League final in 2021. In two seasons, 2020/21 and 2024/25, a domestic treble of trophies was secured.

The Chelsea Foundation boasts one of the most extensive community initiatives in sport, helping to improve the lives of children and young people all over the world.

Media Contacts:

Taina Biggs
taina.biggs@sokin.com 

Nerissa Chesterfield
nerissa.chesterfield@chelseafc.com 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/chelsea-fc-announces-multi-year-sleeve-partnership-with-sokin-the-business-payments-and-fx-platform-302918466.html

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