Timmins Economic Development is committed to assisting local businesses in navigating changing trade and tariff dynamics. To help adapt to these changes, we’ve compiled a comprehensive list of resources, strategies, and support programs.
As trade tensions continue to unfold, Canadian businesses – particularly those in automotive, energy, retail, manufacturing, and steel – will face new challenges. The United States (U.S.) has imposed tariffs on a range of Canadian exports, while Canada has responded by introducing counter-tariffs on select U.S. goods. These measures are increasing costs, disrupting supply chains, and applying pressure on local businesses.
Need Assistance?
Please do not hesitate to contact Timmins Economic Development if you have any questions or need assistance with your business’s needs.
The following is a high-level overview of the U.S. tariffs imposed on Canada:
For up-to-date information on the Government of Canada’s plan and response to U.S. tariffs, including support for Canadian businesses and workers, click here.
The affected items span various categories including:
For a comprehensive and detailed list of the products affected, click here.
If your business exports to the U.S., the TCS is actively assisting Canadian businesses affected by U.S. tariffs.
For detailed information on services and resources available, click here.
The following is a list of resources and tools to help Canadian Business Owners navigate changing trade dynamics.
Interactive tool that assists entrepreneurs, businesses, and not-for-profit’s in identifying tailored lists of programs and services from across Canada – including tariff relief measures and support.
The Bank of Canada released a report evaluating and outlining the potential economic impacts of the proposed U.S. tariffs on Canadian industries. It highlights risks to trade sectors such as manufacturing and steal, emphasizing how supply chains could be disrupted in addition to how tariffs could reduce export demand. Potential economic slowdowns and inflationary pressures are also noted, urging businesses to prepare for uncertainties.
BDC is committed to supporting Canadian businesses through this period of uncertainty. Explore the range of resources related to the international trade situation to help build your company’s resiliency.
The Canada Tariff Finder enables Canadian businesses to check import or export tariffs for specific goods and markets, with a focus on countries with which Canada has a Free Trade Agreement.
This tool helps Canadian Businesses examine Canada’s economic integration with the U.S. and the risks of tariffs.
This playbook provides practical, low-cost strategies for Canadian small and medium-sized enterprises to adapt to U.S.-imposed tariffs and maintain financial stability.
The Government of Canada has numerous free trade agreements, plurilateral agreements, foreign investment and promotion and protection agreements, and World Trade Agreements with various countries. Explore and review these agreements.
The Government of Canada is committed to protecting Canadian interests. The GC Business Insights Newsletter reviews understanding and preparing for tariffs, global markets and diversification, and exporting to the U.S.
The Government of Ontario operates a network of offices worldwide to promote investment attraction to the province and promote exports from Ontario. Connect with a Trade and Investment office for market entry support.
FedDev Ontario lists the steps that Canadian businesses in Ontario can take to export their goods and services to other countries.
EDC provides insights and analysis on navigating the uncertain environment of Canada’s largest export market.
The following is a list of targeted funding programs that support certain businesses and industries impacted by changing trade dynamics.
Aims to support tariff impacted small and medium-sized enterprises and sectors to boost productivity, catalyze growth, and diversify markets, through projects that can be executed successfully within the timeframe of March 21, 2025 and March 31, 2028. RTRI supports incorporated small and medium-sized enterprises (SMEs) – including Indigenous businesses – that meet specified eligibility criteria. Support is available in the form of a non-repayable contribution (reimbursement) of up to 50% of eligible costs to a maximum of $1 million, and a repayable contribution of up to 75% of eligible costs over $1 million towards eligible project activities.
The process for applying to request remission of tariffs for certain goods from the U.S.
This program helps employers and employees avoid layoffs through income supports for employees eligible for Employment Insurance benefits.
This program offers financial support for agribusinesses impacted by trade disruptions, offering flexible loan options to help manage cash flow and market challenges.
This program will help facilitate an additional $5 billion over two years in support for eligible companies across a range of products to navigate economic challenges.
This program can help Canadian companies compete in export markets by removing the domestic duty impact from their commercial goods.
This memorandum outlines the program designed to refund duties on defective or damaged goods, quantity shortages, overpayments, documentation errors, etc.
Provides financing support for large Canadian enterprises affected by actual and potential new tariffs and countermeasures and which face challenges accessing traditional sources of market financing.
This program is designed to provide critical support for businesses that are facing significant tariff-related disruptions as a result of s.232 tariffs on steel, aluminum, and autos. This fund will provide immediate relief for Ontario businesses that are facing s.232 tariff-related working capital challenges such as: payroll, lease payments, utility payments. A minimum of $250,000 in funding as a term loan will be accessible to eligible for-profit businesses that meet the Ontario government’s noted criteria.
The following is a list of local organizations that can provide certain supports and resources to help navigate changing trade dynamics.
The Business Enterprise Centre helps entrepreneurs and SME’s (small-and-medium-sized enterprises) throughout all stages of the business life-cycle.
The Chamber advocates on policy issues that impact local businesses at all levels of government and provide a variety of business services. The Chamber has also compiled resources related to U.S. tariffs.
The Venture Centre is a community futures development corporation that offers community development services, business development services and support, and funding programs.
The Downtown Timmins Business Improvement Area (BIA) helps BIA members overcome their challenges and achieve their business goals through innovative solutions and dedicated support.
Director of Economic Development
Tel: 1-705-360-2600 x7080
Toll Free: 1-877-470-8332
brenda.camirand@timmins.ca
Business Development Specialist
Tel: 705-360-2600 x7075
Toll Free: 1-877-470-8832
louise.straatman@timmins.ca
Business Development Specialist
Tel: 705-360-2600 x7085
Toll Free: 1-877-470-8332
jeremy.elomaa@timmins.ca
Honouring the Past, Leading the Present, and Transforming the Future
1-130 Spruce St. S.
Timmins, Ontario P4N 2M5
T (705) 360-2656
TF (877) 470-8332
E tedc@timmins.ca
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