Trade and tariff resources

The City of Waterloo recognizes the impact U.S. tariffs pose for the Canadian economy. We are committed to navigating these challenges with resilience, putting the interests of our local businesses at the forefront. View the motion from City of Waterloo council (PDF).

On this page

  1. Navigate support
  2. Resources
  3. Support local
  4. Funding programs
  5. Manufacturing-specific resources
  6. Industry-specific associations
  7. Ontario's response plan
  8. Latest news
  9. Subscribe to our newsletter
  10. Book a meeting

Navigate support

As a business in the City of Waterloo, you may face challenges related to tariffs and changing trade policies. Whether you're importing goods, exporting products, or managing supply chain impacts, we’re here to help. Below, you’ll find tools, resources, data and local support to navigate tariffs and strengthen your global competitiveness. We will update this page as new information, programs and resources become available. 

For additional resources please visit Waterloo EDC Tariff Support Page


Resources

Here is a list of resources that provide practical tools to help your business understand and manage tariff-related challenges.

Tariffs, Rules and Regulations

Tariff and Duty Remissions

The Government of Canada is outlining a process for how it will consider remission requests of tariffs on products from the United States that apply beginning on March 4, 2025. Under specific circumstances, remission allows for relief from the payment of tariffs, or the refund of tariffs already paid.

The Duty Deferral Program (DDP) is administered by the Canada Border Service Agency (CBSA) and is Canada’s main FTZ-type program that covers three components:

  • Duties relief program – provides upfront duties relief
  • Drawback program – provides repayment of import duties
  • Customs bonded warehouse program (CBW) – allows for the deferral of duties and GST/HST for up to four years

Review the Duty Drawback Application Process on Canada.ca

This program may be relevant to you if you are an importer, exporter, processor, owner, or producer of goods which were subject to duties at the time of importation, and which have been subsequently exported from Canada. After the goods have been exported from Canada, a claim for a drawback (refund) of the duties paid on the imported goods may be filed.

International Trade and Export Services

  • CanExport SMEs – The Government of Canada CanExport SMEs program provides funding to help Canadian small and medium-sized enterprises (SMEs) break into international markets.

Supply Chains

  • Start Up Canada – Tariff Toolkit – This toolkit is designed to support business owners by providing a comprehensive collection of national and regional support, events, and tariff information.

Support local

Support local, support Waterloo encourages residents to shop locally, while equipping businesses with tools to share their stories and connect with the community.

By participating, your business will join a collective effort to strengthen our local economy, foster community pride and ensure a thriving future for Waterloo businesses.

The resources are free for eligible businesses, with some items having limited quantities.
Resources include:

  • a guide for local business owners to participate in the campaign
  • customizable digital templates and graphics
  • printed materials, including stickers and decals for eligible businesses

Applications will be reviewed by the Economic Development department. Eligible businesses will receive instructions to access resources by email.

Apply now

If you have questions about the Support Local campaign, business eligibility, the application process, or require a different format to apply, contact ecdev@waterloo.ca 
 Who can apply
 

If you own a business in Waterloo, you may be eligible to receive resources to support your local storytelling. To receive campaign materials, you must either:

  • have a business address in Waterloo, Ontario
  • have a physical location in Waterloo (only to receive certain print materials)
Additional local resources

Funding programs

Grants and loans

Advanced Manufacturing and Innovation Competitiveness (AMIC)

The Government of Ontario Regional Development Program - Advanced Manufacturing and Innovation Competitiveness (AMIC) Stream, provides financial support to advanced manufacturing companies with a focus on small and medium-sized enterprises across Ontario. Eligible companies can get support to make investments in technology, equipment or skills to improve your competitiveness.

Business Development Bank of Canada (BDC)

Business Development Bank of Canada (BDC) provides expert advice and financing solutions to help Canadian businesses make smart, considered decisions to help you succeed and mitigate risks when dealing with the impacts of tariffs.

Large Enterprise Tariff Loan (LETL)

Large Enterprise Tariff Loan (LETL) is a new financing facility announced by the Government of Canada to provide financing support for large Canadian enterprises affected by actual and potential new tariffs and countermeasures and which face challenges accessing traditional sources of market financing.

Ontario Together Trade Fund

The Ontario Together Trade Fund (OTTF) provides financial support to help businesses near-term investments so they can serve more interprovincial customers, develop new markets and re-shore critical supply chains in the face of U.S. tariffs. Projects must address the impacts of U.S. trade disruptions and align with Ontario’s key economic priorities, including trade diversity and trade security.

NEW - Protect Ontario Financing Program 

Protect Ontario Financing Program is designed to provide critical support for businesses that are facing significant tariff-related disruptions as a result of s.232 tariffs on steel, aluminum and autos. This fund will provide immediate relief for Ontario businesses that are facing s.232 tariff-related working capital challenges, such as payroll, lease and utility payments.

Learn more on the Ontario.ca web page

Southwestern Ontario Development Fund

The Government of Ontario Southwestern Ontario Development Fund provides support for projects and investments to growing companies for economic development in southwestern Ontario.

 Tax programs

 CRA tax relief
To support businesses, the Canada Revenue Agency (CRA):
  • deferred GST/HST remittances and corporate income tax payments from April 2 to June 30, 2025
  • waived interest on GST/HST and T2 instalment and arrears payments that were required to be paid between April 2 and June 30, 2025
  • provided interest relief on existing GST/HST and T2 balances between April 2 and June 30, 2025

Scientific Research and Experimental Development (SR&ED) - Tax Incentives

The Government of Canada Scientific Research and Experimental Development (SR&ED) Tax Incentives program is eligible to businesses who are engaged in scientific research and experimental development, where you may be able to earn tax incentives that reduce your income tax payable.

Workforce and skills development

Skill Development Trade Fund (SDF) 

The Skills Development Fund (SDF) Training Stream offers funding to organizations for innovative projects that address challenges to hiring, training, or retaining workers, including apprentices, to drive Ontario's economic growth.

Work-Sharing Program

Employment and Social Development Canada Work-Share Program provides work-sharing special measures to support businesses affected by tariffs.


Manufacturing-specific resources

Canadian Manufacturers and Exporters

Canadian Manufacturers and Exporters is Canada’s largest trade and industry association that represents manufacturers and exporters.

Excellence in Manufacturing Consortium (EMC)

Excellence in Manufacturing Consortium (EMC) provides a list of free resources for manufacturers and remains committed to keeping Canadian manufacturers informed about Canada / US trade relations.

Trillium Network for Advanced Manufacturing 

The Trillium Network for Advanced Manufacturing – ecosystem directory provides information about more than 230 publicly funded and non-profit organizations supporting Ontario’s manufacturing ecosystem.


Industry-specific associations

The following associations may represent your business and provide valuable resources to keep you informed about advocacy efforts and industry impacts.


Ontario's response plan

In response to the impacts of U.S. tariffs, the Government of Ontario has announced the Protecting Ontario Account (POA), a $5 billion fund designed specifically to support businesses in preserving jobs, transforming operations, and fostering growth in strategic sectors significantly affected by tariffs.

Key initiatives funded by the POA will include: 

  • Six-month tax deferral for select provincially administered taxes, providing businesses with up to $9 billion in liquidity.
  • $4 billion in employer rebates through the Workplace Safety and Insurance Board (WSIB), with premium rates reduced significantly, saving businesses approximately $150 million annually.
  • $40 million for the Trade-Impacted Communities Program (TICP), which will support municipalities and industries disproportionately affected by trade disruptions.
  • $175 million Ontario Grape Support Program to assist grape farmers and wineries in increasing the use of Ontario-grown grapes in local wine production.
  • $20 million to establish training and support centres for laid-off workers to help businesses quickly adapt to labour market changes and workforce training needs.

Latest news

  • Ontario Chamber of Commerce – Find updates on tariffs from the Ontario Chamber of Commerce, as well as the Government of Ontario and Government of Canada.
  • Department of Finance Canada – Find the latest news and communications products from the Department of Finance Canada.

Subscribe to our e-newsletter

Sign up for the City of Waterloo SMART Business e-newsletter to get the latest information about supports available and information for Waterloo businesses.

Sign up for the SMART Business e-newsletter


Book a meeting

The City of Waterloo Economic Development team is here to help support businesses. We can connect you to resources, advocate for programs, or help make connections to new supply chains within the region. 

To book a meeting with an Economic Development Officer, email ecdev@waterloo.ca