York Region Economic Development is working closely with local municipal, provincial, and federal partners in regards to tariff and trade uncertainty. Please find links and resources below to different tariff-related support programs.
Regional Tariff Response Initiative
Financial support for small and medium-sized enterprises impacted by tariffs.
Strategic Response Fund
For innovative projects in sectors affected by the U.S. tariffs.
Large Enterprise Tariff Loan (LETL)
Loans with minimum of $60 million for large Canadian enterprises affected by current and future tariffs and countermeasures.
Pivot to Grow Loan (BDC)
Up to $5M in loans to modernize operations, offset costs, and adapt to changing markets.
Worker Retention Grant for Work-Sharing employers
A funding opportunity designed to support skills development during Work-Sharing agreements.
Process for requesting remission of tariffs
Request exceptional relief from tariffs imposed as part of Canada’s countermeasures, as well as any future tariff actions.
Answer 4 questions about your needs, region, business size and sector to get a shortlist of federal programs and resources that may help you respond. Take the questionnaire now.
Protect Ontario Financing Program
Offers up to $1 billion in liquidity support through loans for qualifying businesses facing working capital hurdles like payroll, utilities, and lease payments. Eligibility covers sectors hit by Section 232 and Section 338 tariffs (such as steel, aluminum, copper, and auto).Ontario
Together Trade Fund
Provides $150 million to help small and medium-sized enterprises (SMEs) re-shore supply chains and reach new markets.
Trade-Impacted Communities Program
A $40 million initiative helping local industries reduce reliance on U.S. markets and build partnerships elsewhere.
Ontario Made Manufacturing Investment Tax Credit
Delivers an estimated $2.7 billion in income tax support over five years for capital investments in manufacturing equipment and buildings.
Federal & Provincial Trade Missions
The Government of Canada and Ontario Government regularly participate in trade missions across the world. Use the calendar links below to discover in-market opportunities that your company might want to participate in.
Note: As programs continuously change or are updated, we encourage businesses to always confirm accuracy of details and application requirements directly with the responsible organization.
With support from the government of Ontario, Piramal Pharma is also reportedly investing $5,314,000 to upgrade site infrastructure at their Aurora facility, strengthening Ontario's pharmaceutical manufacturing and bolstering the company's…
According to Statistics Canada 2023 data, nearly 2,900 business establishments in York Region export goods and services with an annual total export value of $14.5 billion. Most exports are to the U.S. with 81% (or $11.8 billion) of total exports value, remainder of the exports are to non-U.S. countries with 19% ($2.7 billion).
Manufacturing is by far the largest export sector in York Region with 82% (or $11.9 billion) of total export value and 87% share of the overall U.S. destination. Wholesale trade is the next largest export at $1.7 billion (12%) of the total export value.
In 2023, York Region’s total goods imports amounted to $45.4 billion. Of these, over 62% ($28.1 billion) originated from non-U.S. countries, while the remaining 38% ($17.3 billion) came from the U.S.
The largest importing sector in the Region was wholesale trade, which accounted for 76% ($34.3 billion) of the import value. At the enterprise level, over 9,100 establishments in the Region were engaged in import activities.
With the uncertainty around potential tariffs and trade disruptions, York Region Economic Development is working closely with our partners at all levels of government to ensure we are ready to assist businesses. The Regional Municipality of York is committed to supporting the business community across York Region.
These resources are aggregated from a variety of sources. Links to third-party resources listed on this website are provided as an information service to the local business community. York Region Economic Development does not endorse, recommend, or approve the suitability of any third-party resources unless stated otherwise, and users should make their own inquiries and conduct due diligence as necessary. The Regional Municipality of York shall not be liable or responsible for any matter arising from use of these resources.
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