With new U.S. tariffs affecting key Canadian exports like steel, aluminum, and auto parts, the federal and provincial governments have introduced a range of programs to help businesses stay competitive.
Key Updates
Federal
To support Canadian businesses affected by recent U.S. trade actions, the federal government has introduced a range of relief measures across multiple areas. Through Export Development Canada (EDC), a $5 billion Trade Impact Program has been launched to help exporters diversify into new markets and adapt to shifting trade dynamics. A proposed $2 billion Strategic Auto Fund is also in place to strengthen Canada’s domestic automotive manufacturing and supply chain resilience.
Tax Relief
In terms of tax relief, the Canada Revenue Agency (CRA) is deferring GST/HST and corporate income tax payments from April 2 to June 30, 2025, with no interest or penalties applied.
Need help navigating the changes? At Muia Consulting, we help businesses unlock funding through tailored support for grants, incentives, and SR&ED claims, guiding you from program identification to application, compliance, and audit readiness. Let us simplify the process so you can focus on growth and innovation.
