Ontario offers $11 billion in relief to businesses stung by U.S. tariffs
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $205*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 07/04/2025 (517 days ago), so information in it may no longer be current.
TORONTO – Ontario businesses will see select provincial taxes deferred for six months, which Premier Doug Ford says will give them about $9 billion worth of relief amid global economic turmoil in the face of U.S. tariffs.
As Canadian and U.S. stock markets opened Monday, they sank for a third straight day after U.S. President Donald Trump announced widespread “reciprocal” tariffs last week.
Earlier Monday, Ford made good on an election promise to provide businesses with the deferral on taxes such as the Employer Health Tax and the Insurance Premium Tax, in order to provide them with some cash flow and keep workers employed.
“Today’s measures will help give workers and businesses the support they need in the face of growing economic uncertainty,” he wrote in a statement.
“We can’t control President Trump, but we’re in full control of the kind of future we build for ourselves.”
The six-month deferral period is retroactively in effect as of April 1, and ends Oct. 1.
Ford also announced that the Workplace Safety and Insurance Board will issue a $2-billion rebate to safe employers, in addition to a previous $2-billion rebate that was distributed last month.
This report by The Canadian Press was first published April 7, 2025.
