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ARL WORKSHOPS

ARL WORKSHOPS. 2012 CSCB Annual Conference Quebec City, QC. Objectives. ARL accounting timeframes Account security options Payment Process Technical Considerations Next Steps. CARM – What it means. CBSA Assessment and Revenue Management

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ARL WORKSHOPS

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  1. ARL WORKSHOPS 2012 CSCB Annual Conference Quebec City, QC

  2. Objectives • ARL accounting timeframes • Account security options • Payment Process • Technical Considerations • Next Steps

  3. CARM – What it means • CBSA Assessment and Revenue Management • modernizing the revenue management and assessment systems, helping the Agency to enhance its revenue management and reporting • Budget 2010 announced $370 million for the CARM initiative • CARM includes four key phases: • Accounts Receivable Ledger (ARL) • Client Identification • Assessment, Reassessment and Client Registration • Trade Modernization

  4. Phase One - Accounts Receivable Ledger Currently in the design phase; implementation is planned for October 2013 Compiles commercial clients’ financial transactions where each receivable transaction will be listed under the client with running balance of what is owed Moves client accounting information from multiple legacy systems to a fully integrated and centralized client-based accounting system Introduces electronic payment options for importers and brokers Provides clients with an electronic, enhanced and comprehensive monthly statement of account, which replaces the K84. Both broker and importer will receive the Statement of Account when there are transactions Allows the CBSA to offset refunds against existing receivables before issuing a payment Introduces simplified and standardized accounting timeframes

  5. Accounting Timeframes

  6. Option 1: Maintain Existing Account Security and Automate • Maintain account security requirements as they are today and modernize the program by introducing mandatory electronic bond delivery and real-time monitoring, removing the GST from the broker calculation and have 100% of duties secured • CBSA - This option reduces the burden imposed on businesses and is consistent with the GoC Business Simplification initiative

  7. Option 2: Eliminate Account Security for Trusted Trader Importers • This option proposes to eliminate the account security requirement for eligible trusted trader importers (to be defined) • Provides decreased financial and administrative burden on the trusted trader community • Promotes Trusted Trader programs • Provides CBSA the opportunity to test its real time accounts receivable monitoring capabilities with minimal financial risk exposure

  8. Option 3: Eliminate Account Security for Resident Importers and Brokers • Eliminate account security requirements for eligible resident importers and brokers (to be defined) • Non-resident importers would still be required to post security • Provides consistent application of policy for resident importers and brokers • Consideration of alternatives for financial risk mitigation • Reduces financial and administrative burden on the trade community

  9. Option 4: Eliminate Account Security for All • This option proposes to eliminate account security requirements for all commercial clients, including resident importers and brokers as well as non-resident importers • Currently, CBSA has no means to collect debt in the event of a default of a non-resident importer and therefore, this option is not viable from a risk perspective.

  10. CBSA’s Preferred Option • CBSA intends to further explore implementation options for modernizing account security for trusted traders and resident importers and brokers through a phased in approach: • Phase 1: Eliminate Account Security requirement for trusted traders; • Phase 2: Dependent on the successful implementation of phase 1, eliminate account security for resident importers and brokers

  11. New Process • Proper import/release documentation is provided; goods are released. • Importer /Broker submits CBSA coding form (B3) before final accounting due date. • ARL will post and transmit a Daily Notice (DN) of all recorded transactions for that day, to the Importer/ Broker on the following day. • On the 10th of every month, Importer/Broker involved will receive a Statement of Account (SOA) displaying DN totals for each day of the previous month. For brokers, it will be broken down by client. • Brokers/Importers will have 5 days to reconcile their DN and SOA. • Brokers/Importers will pay electronically via their Financial Institution (FI), or provide payment at a CBSA office no later than the 15th. • The importer and/or broker’s next SOA will reflect the payment(s) made. *** Note that payment of duties & taxes is the responsibility of the brokers and importers. As such, the CBSA is not responsible for providing notice of payment to the corresponding broker/importer. If a transaction has not been properly paid, it will appear on the following SOA.

  12. Payment • Electronic Funds Transfer • Immediate • Reconciliation by importer’s client number • Payment by cheque - delay - manual entry by cashier

  13. Technical Considerations • ECCRD • IT changes/analysis • XML Delivery of daily notices and monthly statements of account or download xml or pdf via Canada Post e-post

  14. Next Steps • Ongoing CARM Subcommittee work • Consideration of client relationships/financial management/IT work • Detailed workshops in CSCB regions

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