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Protect Ontario

Province Launching Protect Ontario Financing Program to Support Sectors Impacted by U.S. Tariffs

Ontario-based businesses in these sectors that are facing tariff-related challenges, such as payroll, lease payments and utility payments, will be able to access the Protect Ontario Financing Program in addition to federal government supports, such as loans and loan guarantees, and would undergo rigorous assessment and due diligence to determine eligibility and ensure taxpayer funds are used responsibly.
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Protect Ontario

The Ontario government launched the Protect Ontario Financing Program, the first phase of the $5 billion Protecting Ontario Account that was announced in the 2025 provincial Budget. The Protect Ontario Financing Program will provide Ontario-based businesses that have been impacted by higher (section 232) tariff rates, including the steel, aluminum and auto sectors, with up to $1 billion in liquidity support in the form of loans to protect workers and operations.

Full Article: news.ontario.ca