- Remission of Surtax for Motor Vehicles: Effective April 15, 2025, Canadian importers of motor vehicles from the US can apply for remission of the 25% surtax imposed in response to US tariffs, with specific conditions outlined in the Motor Vehicle Remission Order.
- Temporary Tariff Relief: A six-month relief period from tariffs on US-origin products has been granted for specific sectors, such as manufacturing and public health, for goods imported before October 16, 2025, to help businesses adjust their supply chains.
- Large Enterprise Tariff Loan (LETL): The LETL facility is now open for applications, providing interest-bearing loans of a minimum of CA$60 million to large Canadian businesses facing financing challenges due to tariffs, aimed at supporting those that were viable prior to the tariff imposition.
Source EY
Latest Posts in "Canada"
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- British Columbia 2026 Budget Expands PST to Professional Services, Removes Select Exemptions
