- 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"
- New GST Voluntary Disclosure Guidelines: Major Changes to CRA’s VDP Now in Effect
- Navigating GST/HST on Domestic and International Freight Transportation Services in Canada
- Final 2025 GST/HST Credit Payments Released for Eligible Canadians on October 3
- Ensuring Compliance: Québec’s Uniform Fiscal Documentation and Reporting Requirements
- Navigating Canada’s Complex Sales Tax System: GST, HST, PST, and QST Explained
