Canadian businesses affected by U.S. and Canadian tariffs should determine whether they may benefit from new support measures. Finance recently announced that automakers may be eligible for import tariff relief under a performance-based remission framework, and that it would provide temporary six-month relief for certain goods imported from the United States. Finance also advises that eligible large Canadian business can now apply for financing support through Canada’s new Large Enterprise Tariff Loan Facility. In addition to this relief, which was announced on April 15, 2025, Finance advises that it intends to bring forward additional support measures as needed.
Your KPMG adviser can help you assess the effect of the ongoing U.S. and Canadian trade measures, including whether you are eligible for tariff relief under these or other available relief programs. It’s important to carefully consider the related remission rules and extensive submission process.
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