What is Ontario doing to support businesses during the U.S. trade war?

Latest measures implemented

Ontario Premier Doug Ford announced on April 7 that businesses affected by the ongoing Canada-U.S. trade war won’t have to pay certain provincial taxes for six months.

The Employer Health Tax and the Insurance Premium Tax are among the taxes being deferred — expected to provide approximately $9-billion worth of relief.

Ford added that the Workplace Safety and Insurance Board (WSIB) will issue a $2-billion rebate to safe employers, in addition to a previous $2-billion rebate that was distributed in March.

“In the face of President Trump’s attacks on Ontario’s economy, our government will do whatever it takes to protect Ontario workers and businesses. Today’s measures will help give workers and businesses the support they need in the face of growing economic uncertainty,” Ford said in a news release.

“We can’t control President Trump, but we’re in full control of the kind of future we build for ourselves.”

The six-month tax deferral period is retroactively in effect as of April 1 — set to end on Oct. 1.

SEE ALSO
• Ottawa unveils suite of business relief measures amid U.S. trade war
• Canadian businesses prefer job changes over cuts during U.S. trade war: Poll
• Ford: Trump’s sweeping duties could cost Ontario ‘500,000 jobs’
• OGVG: U.S. trade war could affect 29,000 agricultural jobs

Ontarians worried about widespread layoffs

Sweeping duties imposed by the Trump administration have already led to substantial workforce reductions in Ontario.

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SEE ALSO
• Should I negotiate my own severance package in Ontario?
• What Albertans need to know about negotiating severance
• Negotiating severance in B.C.: What employees need to know

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Disclaimer: The materials provided in this article are for general informational purposes only and DO NOT constitute legal advice. For advice specific to your situation, please consult a legal representative at Samfiru Tumarkin LLP.