Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.
CBSA Today: Commercial News for StakeholdersMonday, June 06, 2016 > 15:38:42
I have had the pleasure of meeting with many of you over the past few years in my former role as head of the Operations Branch. I am very pleased to pursue this collaboration as Vice-President of the Programs Branch and Chair of the Border Commercial Consultative Committee (BCCC).
For the first time this spring, I will chair the BCCC meeting. I look forward to overseeing the excellent work of this committee and to meeting you face to face. One of my ongoing priorities is to ensure we not only maintain, but deepen the relationship between the Canada Border Services Agency (CBSA) and industry stakeholders. This is particularly critical as we continue to modernize and transform commercial border processes.
In this issue, I am pleased to provide you with news on CBSA commercial and trade initiatives, both on the domestic and international fronts. I trust you will find this information useful. To ensure we cover the issues that are of particular interest to you, I encourage you to submit your story ideas to the BCCC Secretariat at BCCC-CCACF@cbsa-asfc.gc.ca.
Vice-President, Programs Branch and BCCC Chair
Important Changes to the Collection of Commercial Revenue
On January 25, 2016, the CBSA implemented the Accounts Receivable Ledger (ARL), bringing about important changes to the collection of commercial revenue by the Government of Canada. ARL introduces the concept of account management, which aligns with accounting best practices.
Historically, all amounts owed to the CBSA by brokers and importers were captured and tracked by transaction. Clients now have enhanced daily and monthly statements, and the opportunity to explore electronic and online banking payment options.
Together, these changes will improve and streamline the collection of commercial revenue, which will benefit all those involved. Starting in August 2016, ARL will allow for offsetting of client debts against their refunds and provide the CBSA a complete view of clients' accounts, for the first time in history.
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