Ontario Rolls Out $11 Billion Relief Package for Businesses Hit by U.S. Tariffs

The province defers $9 billion in taxes and issues $2 billion in employer rebates to stabilize businesses facing economic turbulence.

Ontario's six-month tax deferral program, retroactive to April 1, will delay the collection of $9 billion in business taxes until October 1.
A $2 billion rebate will be distributed to qualifying 'safe employers' through the Workplace Safety and Insurance Board, following a similar rebate last month.
Premier Doug Ford stated the measures aim to maintain cash flow for businesses and support job retention during ongoing market volatility caused by U.S. tariffs.
The relief package comes as President Trump's new reciprocal tariffs spark market declines, inflation concerns, and stalled investments across North America.
Ontario's broader economic strategy includes plans to dismantle internal trade barriers and enhance its global competitiveness among G7 economies.