Tax relief and support for businesses in response to tariffs
No fixed amount
Tax credit
Description:
On March 21, 2025, the Government of Canada announced actions to support workers and businesses in response to tariffs.
To support businesses, the Canada Revenue Agency (CRA) will:
a. Defer GST/HST remittances and corporate income tax payments from April 2 to June 30, 2025
b. Waive interest on GST/HST and T2 instalment and arrears payments that are required to be paid between April 2 and June 30, 2025
c. Provide interest relief on existing GST/HST and T2 balances between April 2 and June 30, 2025
You do not need to provide proof of hardship from or impact of tariffs. The CRA will automatically grant relief on your T2 and GST/HST accounts during the relief period.
Note: Interest will resume starting July 1, 2025.
Comments on Funding:
July 1, 2025
Eligibility:
Applicants must be Canadian businesses
Application Steps:
Applicants must continue to file any GST/HST returns or T2 returns by their due dates to remain compliant with filing requirements.
Documentation Needed:
Applicants must submit GST/HST returns or T2 returns
Other Things to Note:
About the author
Maurice
