ONTARIO- Today the Government of Canada introduced a $7.5 billion package of new and enhanced measures that deliver fast, simple and agile supports to Canadian workers and businesses, building on the nearly $25 billion in supports the government has provided since the implementation of the U.S. tariffs.
Effective September 2026, the government will bolster the Regional Tariff Response Initiative delivered by Canada’s seven Regional Development Agencies with an additional $1.5 billion investment. This will help small and medium-sized enterprises respond to tariff pressures.
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- The cap on non-repayable contributions will be increased from $1 million to $3 million, which will now include support for demonstrated liquidity needs in addition to existing support for pivot or capital investment plans.
- Liquidity support available will be up to $2 million.
“Southern Ontario businesses are the engine of our economy, and our government is committed to helping them succeed. Through the Regional Tariff Response Initiative, we are providing the support businesses need to stay competitive, protect jobs and continue growing. By investing in companies like Ideal Roofing, we are strengthening southern Ontario’s economy for the future.” saidEvan Solomon, Minister of Artificial Intelligence and Digital Innovation and Minister responsible for the Federal Economic Development Agency for Southern Ontario
The Regional Tariff Response Initiative will also continue to support eligible businesses through repayable contributions for projects that help companies adapt, grow and compete in response to evolving trade and market conditions.
