François-Philippe Champagne, Minister of Finance and National Revenue, has announced extended relief measures to help Canadian businesses affected by tariffs imposed by the United States.
To protect Canadian workers and minimize the economic impact of the surtaxes, the government is extending key exemptions for an additional two months:
- Manufacturing and Agricultural Inputs: The current exemption for US goods used in manufacturing, processing, or food and beverage packaging now also includes goods used in agricultural production.
- Public Health and Safety Goods: Temporary exemptions for US goods that support public health, health care, safety, and national security have also been extended.
- Additional Relief: Companies importing from the US and China may qualify for further tariff relief if they can demonstrate short supply or pre-existing contractual obligations.
“As negotiations to reach a trade deal with the US continue, Canada’s new government is taking immediate action to protect and support every Canadian worker and business impacted by these tariffs,” said Minister Champagne.
Businesses may also be eligible for the CBSA Duties Relief Program or Duty Drawback Program, which allow for duty exemptions or refunds when goods are re-exported. Have questions or need help understanding how this impacts your business? Contact your Mohawk Global representative or reach out directly.