Ontario US Tariff Relief for Businesses: What You Need to Know
Latest Measures Implemented
Ontario has unveiled the “next pillar” in its plan to protect businesses from tariff-related hardships.
Finance Minister Peter Bethlenfalvy announced on Aug. 13 that up to $1 billion will be allocated for loan support for employers in the province’s steel, aluminum, and auto sectors as part of the Protect Ontario Financing Program.
The update comes weeks after Premier Doug Ford said businesses affected by the ongoing Canada-U.S. trade war won’t have to pay certain provincial taxes for 6 months.
The 6-month tax deferral period — which retroactively went into effect as of April 1 — is set to end on Oct. 1.
SEE ALSO
• Canada Axes Digital Services Tax, US Trade Talks Resume
• Canadian Steelmakers Warning of Steeper Job Cuts During US Trade War
• Ottawa Unveils Suite of Business Relief Measures to Address Sweeping US Duties
Check out our blog on the rights non-unionized employees in Canada have during the ongoing trade war with the US. You can also use our free Pocket Employment Lawyer to get real-time insights.
Lost Your Job? Contact Us
At Samfiru Tumarkin LLP, we’ve helped over 50,000 clients secure fair severance packages — recovering millions of dollars for non-unionized employees across Canada.
With extensive experience representing workers in roles at small businesses and large organizations across various industries, our team provides the expertise you need to navigate your termination effectively.
SEE ALSO
• Should I Negotiate My Own Severance Package in Ontario?
• What Albertans Need to Know About Negotiating Severance
• Negotiating Severance in BC: What Employees Need to Know
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You must consult your union representative regarding termination, severance pay, and other workplace issues. By law, employment lawyers can’t represent unionized employees with these issues. They’re governed by your collective bargaining agreement.
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.
About the Author
Lior Samfiru
Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.
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The latest information on the bombshell update and key severance resources for non-unionized employees in Canada.