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Global Trade Alert

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Canada: Tax relief for businesses in response to tariffs

Description

On 21 March 2025, the government of Canada announced that the Canada Revenue Agency (CRA) would offer tax relief to businesses affected by tariffs.The CRA will waive interest on Goods and Services Tax...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

02 Apr 2025

Revocation date

30 Jun 2025

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Products

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