Following up on a request made by a number of stakeholders, Treasury Board has approved a regulatory package for a 30-day extension to the period in which imported goods may be released prior to payment without giving financial security until May 20, 2025 at 3:00 am (EDT). An importer who does not meet the financial security requirement of Release Prior to Payment (RPP) by the end of the transition period will no longer be able to benefit from having their goods released at the border prior to making payment of the duties and taxes (Please refer to News Release).
Importers and trade chain partners (TCPs) are strongly encouraged to take immediate action by providing financial security in CARM, if they are already enrolled in RPP or by enrolling in the program before the end of the transition period. Importers choosing to participate in the RPP program will now have until 3:00 am (EDT) on May 20, 2025 to post their financial security in the CARM system. Commercial goods belonging of RPP participants will continue to be released prior to payment without a posted financial security until this date.
Importers who do not post financial security requirement by May 20, 2025 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. Without RPP, importers will have to pay all duties and taxes at the time of arrival at a port of entry.
Memorandum D17-1-8 provides detailed instructions for TCPs to follow in enrolling Release Prior to Payment program.