The CRA is providing automatic tax relief to support businesses affected by tariffs. From April 2 to June 30, 2025, the CRA will

• Defer GST/HST remittances and corporate income tax (T2) payments
• Waive interest on late GST/HST and T2 payments (including arrears and instalments)
• Offer interest relief on existing balances

You do not need to provide proof of hardship from or impact of tariffs. The CRA will automatically grant relief on your T2 and GST/HST accounts during the relief period.

Important Reminder: Businesses must still file all GST/HST and T2 returns on time to remain compliant. Interest resumes July 1, 2025.

To read the full press release, please click here.

The Ontario government is providing approximately $11 billion in relief and support for workers and businesses as it protects the province’s economy from economic uncertainty and the impact of U.S. tariffs.

As a first step to support workers and businesses, the province is:

• Deferring select provincially administered taxes for six months from April 1, 2025, to October 1, 2025, giving businesses and job creators approximately $9 billion worth of cash flow they need to keep workers employed and weather the economic turmoil.
• Through the Workplace Safety and Insurance Board (WSIB), issuing a further $2 billion rebate for safe employers to support businesses and help keep workers on the job, in addition to the previous $2 billion rebate distributed in March.

To protect Ontario’s economy, the government will deliver on its mandate to break down internal trade barriers, make the province’s economy the most competitive in the G7, including by speeding up timelines and approvals for development, as well as diversifying trading partners and helping businesses if they need to retool and retrain workers for new customers in new markets.

The Ontario Chamber of Commerce President, Daniel Tisch has released a statement amid new U.S tariffs. Tisch warns they will hurt American consumers while creating economic instability. Tisch calls for our political leaders to band unify in creating certainty and stability amid constant uncertainty from our American neighbors. Click here to read the full statement.

The government of Canada has announced support for the agricultural sector following the imposition of tariffs by China. 

In response, Agriculture Minister Kody Blois announced enhanced support through AgriStability, increasing the compensation rate to 90% and doubling the payment cap to $6 million for 2025. Provinces and territories can also opt into higher interim payments (up to 75% of estimated final payments) and Targeted Advance Payments for sectors facing market disruptions, such as hog producers affected by African Swine Fever.​ Click here to find out more. Click here to access the AgriStability webpage.

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President and CEO, Candace Laing from the Canadian Chamber of Commerce has released a statement on the U.S. decision to double steel and aluminum tariffs. 

​"Today’s announcement is incredibly destructive. This series of escalations is quickly hitting a ceiling where Americans and Canadians are set to feel the hurt. The stock market volatility is a glaring signal that this economic chaos must end. 
Canadian steel and aluminum aren’t a nice to have for the U.S., they’re a need to have — literally. These two Canadian metals are the infrastructure that holds up and holds together American defence, homes, cars, energy and countless other symbols of security and strength. Without Canadian steel and aluminum, the U.S. won’t have enough of either metal to satisfy the needs of its demanding economy — or build the bright “golden age” President Trump has promised.   
This policy is proven to fail. The last time these sectors were tariffed during President Trump’s first term, there was a net loss of tens of thousands of American blue-collar jobs. And that was at 25% tariffs on steel and 10% on aluminum.   
Both the increase and the potential of compounding tariffs will make this go-around significantly more painful and more expensive.   
Steel and aluminum are about strength; these tariffs do nothing but weaken us both. President Trump may as well hand over North America’s steel and aluminum leadership to China.  
Instead of adding taxes on taxes and more uncertainty to the mix, we must move away from tariffs and toward a lasting agreement on trade that is respected on all sides."

The Canadian Chamber of Commerce(CCC) and Ontario Chamber of Commerce(OCC) have released statements regarding U.S. Tariffs that were recently implemented. Both organizations represent thousands of businesses Canada-wide and province-wide - with the CCC representing over 200,000 businesses and the OCC representing over 60,000 businesses. Both organizations thus provide a critical voice through advocacy. 

Read more on the OCC's statement here.

Read more on the CCC's statement here,