Business Resources for the Evolving Tariff Situation
Businesses are concerned about the changing tariff situation that has been brought on by the U.S. We have prepared this guide of resources to help businesses navigate these difficult times.
Canadian Business Support
Businesses are concerned about the changing tariff situation that has been brought on by the U.S. We have prepared this guide of resources to help businesses navigate these difficult times.
First, Canada needs to dismantle its own internal trade barriers. They are the equivalent of a 21% U.S. tariff. Our governments are working hard to eliminate these barriers and facilitate trade amongst our provinces.
Below is a list of resources that are available for your business:
Business Development Corporation (BDC): Pivot to grow loan. Get up to $2M to help you counter the effects of tariffs on Canadian exports to the U.S.
https://www.bdc.ca/en/financing/pivot-grow-loan
Export Development Corporation (EDC): Trade Impact Program. We’re deploying $5 billion in capacity to support Canadian exporters
https://www.edc.ca/en/campaign/trade-support-canadian-companies.html
Export From Canada: Sell your products and services abroad, support services, financing, permits and more.
https://international.canada.ca/en/services/business/trade/export
EI-Working Sharing:
https://www.canada.ca/en/employment-social-development/services/work-sharing.html
AgriStability: AgriStability provides Canadian producers with an ongoing whole-farm risk management tool that offers protection against large declines that threaten the viability of their farm and are beyond their capacity to manage.
https://afsc.ca/income-stabilization/agristability/
CanExport SME’s: The CanExport SMEs program of Canada's Trade Commissioner Service is designed to encourage small and medium-sized enterprises (SMEs) to export Canadian goods and services to new international markets.
Funding and Export Programs for doing International Business: Get financial support and personalized advice to connect with potential foreign partners, pursue new business opportunities abroad or attract foreign investment into Canadian communities.
Discover funding opportunities for trade-related activities in Canada and abroad. Eligible small and medium-sized enterprises (SMEs) can get up to $50,000 to cover 50% of the costs of exporting products or services to countries where they have little or no sales.
https://www.international.gc.ca/world-monde/funding-financement/index.aspx?lang=eng
Supply Chain Tools:
Canada-U.S. Trade Tracker
https://businessdatalab.ca/canada-u-s-trade-tracker/
Canada Tariff Finder https://www.tariffinder.ca/en/
Find a Canadian Supplier https://international.canada.ca/en/services/business/trade/buy-sell/find-supplier
Start Up Canada Tool Kit https://www.startupcan.ca/research-publication/startup-canadas-tariff-toolkit/
Federal tax support:
Defer GST/HST remittances and corporate income tax payments from April 02 to June 30, 2025
Waive interest on GST/HST and T2 instalment and arrears payments that are required to be paid between April 2 and June 30, 2025
Provide interest relief on existing GST/HST and T2 balances between April 02 and June 30, 2025
Tariff Refunds:
Goods cannot be sourced outside the U.S.
Severe adverse impact to the Canadian Economy
Support local businesses:
Shop Local Canada - discover local shops in Canada
https://www.shoplocalcanada.ca/
Buy Beaver - helps to find Canadian Products
New Mobile Apps
O SCANada: a mobile app to identify whether products are Canadian made. It allows users to scan barcodes or search for products by name to determine their origin and suggest Canadian alternatives if the product isn't Canadian. https://play.google.com/store/apps/details?id=com.maple.made_in_canada&hl=en_CA&pli=1
Maple Scan: https://maplescan.ca/
Made in Canada: https://madeinca.ca/
Prepared by:
Stephen Leber: steve@stevaltech.ca
Val McCarty: val@stevaltech.ca
Steval Tech Inc. helps small businesses find and acquire grants to grow their business. Stevaltech.ca
Tags: # Canadian Business Support #US Tariffs Resources #Exporting From Canada #SME Funding Programs #Trade Tools Canada #Tariff Impact Solutions
Members Discussion