Tariff relief and federal support for Canadian businesses
Tariff relief and federal support for Canadian businesses
With the threat of tariffs and ongoing trade uncertainty continuing to loom for Canadian businesses, the federal government has announced several support measures for those impacted.
The Canada Revenue Agency confirmed on March 28, 2025, that it will proceed with several of these initiatives. Details of these measures are provided below. We will continue to update this page as more information becomes available.
On March 28, 2025, the Canada Revenue Agency (CRA) confirmed tax relief and support for businesses impacted by tariffs. We review the highlights below.
No further details on the announcement were available at the time of publishing. We will update this page with information as it becomes available.
Highlights:
To support businesses, the CRA will:
- Defer GST/HST remittances and corporate income tax payments from April 2 to June 30, 2025
- Waive interest on GST/HST and corporate (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 corporate (T2) balances between April 2 and June 30, 2025
Note that interest will resume starting July 1, 2025.
The CRA also reminds businesses that they must continue to file any GST/HST returns or T2 returns by their due dates to remain compliant with filing requirements.
Full details of the CRA announcement can be found here.
Quebec to harmonize with CRA on corporate income tax and QST
Revenu Québec has announced its intent to harmonize with the CRA’s temporary tax relief for businesses.
Full details of the Quebec government announcement can be found here.
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