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.