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Securing the Future: Government Measures for Companies Impacted by Tariffs

Fasken
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Overview

In this period of instability caused by U.S. tariffs, businesses operating in Québec can rely on a range of support measures specifically designed to help them adapt, strengthen their competitiveness and diversify their markets. Find out how these programs can support your company’s growth and resilience.

In Québec

  • Programme FRONTIÈRE (available in French only): This program aims to maintain the activities and liquidity of exporters in the short term, thereby enabling them to adjust their business models or supply chains.
  • Programme ESSOR (available in French only): Designed to boost innovation and productivity in manufacturing, this program helps to diversify markets and ensure growth.
  • Call for projects via Formation pour la résilience et la compétitivité en emploi (available in French only): This program helps businesses impacted by tariffs develop the skills of their workforce.
  • Panorama (available in French only)financing and support services: This program supports working capital requirements for projects aimed at increasing or diversifying sales in Canada and abroad (excluding the U.S.).
  • Grand V (available in French only) funding initiative: This initiative is designed to drive investment and accelerate the shift toward innovation and sustainable productivity. This program offers flexible financing and technological support to encourage innovative projects focused on sustainability.
  • Caisse de dépôt et placement du Québec (CDPQ) program to assist Québec businesses seeking to increase their productivity or strategically pivot into new markets: This program offers flexible financing to support investment projects without increasing debt or causing equity dilution. Through the extensive CDPQ network, the program also offers support in technological transformation and exploring new markets.

Across Canada

  • Department of Finance Canada - International trade and finance policyProcess for requesting remission of tariffs that apply on certain goods from the U.S.

  • Consultations - Department of Finance Canada: Notice of Intent to Impose Countermeasures in Response to United States Tariffs on Canadian Goods

  • Trade Impact Program: Overseen by Export Development Canada (EDC), this program provides an additional $5 billion over two years to help Canadian exporters reach new markets and navigate tariff-related challenges.
  • Favourably priced loans: The Business Development Bank of Canada (BDC) is making $500 million in favourably priced loans available to support businesses directed targeted by tariffs, as well as companies in their supply chains.
  • Farm Credit Canada: Provides $1 billion in new financing to reduce financial barriers for the Canadian agriculture and food industry, helping business address cash flow challenges.
  • Work-Sharing Program: This program allows employers to avoid laying off employees by extending the eligibility period to 76 weeks, thereby providing a temporary solution to financial difficulties.

Contact the Authors

For more information or to discuss a particular matter please contact us.

Contact the Authors

Authors

  • Raymond Chrétien, CC, Partner | Strategic Advisor | Corporate/Commercial, Montréal, QC, +1 514 397 5230, rchretien@fasken.com
  • Éric Bédard, Partner | Partner and Leader, Strategic Advisory Services, Montréal, QC, +1 514 397 4314, ebedard@fasken.com
  • François Brais, Partner | Managing Partner, Québec Region, Montréal, QC, +1 514 397 5161, fbrais@fasken.com
  • Vincent Girard, Partner | Managing Partner, Québec Office, Québec, QC, +1 418 640 2020, vgirard@fasken.com
  • André Turmel, Partner | Energy and Climate, Montréal, QC, +1 514 397 5141, aturmel@fasken.com
  • Anne-Marie Naud, Partner | Leader, Corporate/Commercial Group | Co-Leader, Agribusiness, Food & Beverage Group, Québec, QC, +1 418 640 2009, anaud@fasken.com
  • Jean-Philippe Mikus, Partner | Trademark Agent | Intellectual Property, Montréal, QC, +1 514 397 5176, jpmikus@fasken.com
  • Magali Cournoyer-Proulx, Partner | Labour, Employment & Human Rights, Montréal, QC, +1 514 397 5266, mproulx@fasken.com
  • Jocelyn Auger, Partner | Information Technology, Montréal, QC, +1 514 397 7694, jauger@fasken.com
  • Carl Bélanger, Partner | Corporate/Commercial, Montréal, QC, +1 514 397 4332, cbelanger@fasken.com
  • Jean-François Cloutier, Partner | Labour, Employment & Human Rights, Montréal, QC, +1 514 397 5201, jcloutier@fasken.com
  • Henrick Simard, Partner | Corporate/Commercial, Québec, QC, +1 418 640 2004, hsimard@fasken.com
  • Sébastien Roy, Partner | Trademark Agent | Intellectual Property, Québec, QC, +1 418 640 2073, sroy@fasken.com
  • Kateri-Anne Grenier, Partner | CO-LEADER, PRIVACY & CYBERSECURITY, Québec, QC, +1 418 640 2040, kgrenier@fasken.com
  • Laurence Déry, Partner | Labour, Employment & Human Rights, Québec, QC, +1 418 640 2003, ldery@fasken.com
  • Annie Bernard, Partner | Construction Law, Montréal, QC, +1 514 397 5175, abernard@fasken.com
  • Pierre-Olivier Charlebois, Partner | CO-LEADER, ENERGY AND CLIMATE, Montréal, QC, +1 514 397 5291, pcharlebois@fasken.com
  • Mathieu Leblanc-Gagnon, Partner | Construction Law, Québec, QC, +1 418 640 2036, mleblancgagnon@fasken.com
  • Paul Cabana, Partner | Tax Law, Montréal, QC, +1 514 397 5213, pcabana@fasken.com
  • Julie Uzan-Naulin, Partner | Privacy and Cybersecurity Law, Montréal, QC, +1 514 871 5967, juzan@fasken.com
  • Jean-Philippe Therriault, Partner | Environmental, Montréal, QC, +1 514 397 5103, jtherriault@fasken.com
  • Marie-Christine Valois, Partner | Mergers & Acquisitions, ESG and Sustainability, Montréal, QC, +1 514 397 7413, mvalois@fasken.com
  • Elisabeth Bouffard, Associate | Labour, Employment & Human Rights, Immigration, Québec, QC, +1 418 640 2043, ebouffard@fasken.com
  • Stephanie Heinsohn-Spiropoulos, Associate | Immigration, Montréal, QC, +1 514 657 2769, sheinsohn@fasken.com