Ontario Widens Eligibility for Tariff Relief in Response to New US Trade Measures
Ontario is expanding eligibility for two tariff-relief programs in a bid to support businesses affected by new U.S. tariffs and import bans set to take effect this week and later this month. The province announced on Sept. 10 that it is broadening access to the Protect Ontario Financing Program (POFP) and the Ontario Together Trade […]
Ontario is expanding eligibility for two tariff-relief programs, the Protect Ontario Financing Program (POFP) and the Ontario Together Trade Fund (OTTF), to support businesses impacted by new U.S. tariffs and import bans. The POFP, a $1 billion program, offers immediate loan-based relief for costs like payroll and utilities. The OTTF, a $150 million fund, provides grants or loans to help small and medium-sized businesses enhance interprovincial trade and reshore supply chains.
- Ontario is expanding eligibility for the Protect Ontario Financing Program (POFP) and the Ontario Together Trade Fund (OTTF).
- These programs aim to support businesses affected by new U.S. tariffs and import bans.
- The POFP provides $1 billion in loans for costs such as payroll and lease payments.
- The OTTF offers $150 million in grants or loans to help businesses expand interprovincial trade and reshore supply chains.
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