- Canada will tighten steel import rules from Dec. 26, 2025, by reducing quotas and imposing a 25% global surtax on steel derivatives.
- Tariff Rate Quotas for non-FTA countries will be cut to 20% of 2024 levels, and to 75% for FTA partners (excluding U.S. and Mexico), with a 50% surtax on over-quota imports.
- U.S. and Mexico remain exempt; some tariff remissions are extended for certain goods and circumstances.
- Canada Border Services Agency (CBSA) will increase enforcement, with more audits, a dedicated steel compliance team, and advanced detection tools.
- Canadian businesses should prepare for higher costs, faster quota depletion, and stricter compliance requirements.
Source: bdo.ca
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Canada"
- Prime Minister Carney Suspends Federal Fuel Excise Tax to Lower Gas and Diesel Costs for Canadians
- Canada Groceries and Essentials Benefit Replaces GST/HST Credit, Payments Begin June 5 for Eligible Canadians
- Quebec Clarifies GST/HST, QST Taxation of Mutual Fund Trailing Commission Payments
- Ottawa Considers Nationwide GST Cut on New Homes to Boost Housing Market and Affordability
- Manitoba Expands RST Exemptions and Mandates Electronic Filing for Businesses by 2028
