Canada Revenue Agency and Quebec Provide Tax Relief Due to Tariffs

On March 21, 2025, the federal government announced temporary relief measures to support workers and businesses impacted by tariffs on imports from Canada implemented by the United States. The Canada Revenue Agency (CRA) has acknowledged the following business support measures:

• GST/HST remittances and corporate income tax payments may be deferred from April 2 to June 30, 2025;
• Interest will be waived on GST/HST and T2 corporate income tax instalment and arrears payments required to be paid between April 2 and June 30, 2025; and
• From April 2 to June 30, 2025, interest will be relieved on existing GST/HST and corporate income tax liabilities.

Quebec has also adopted these measures for Quebec Sales Tax (QST) and corporate income tax purposes.

While payments and interest will be deferred during this period, taxpayers are reminded that GST/HST, QST, and federal and Quebec corporate tax returns must still be filed on their regular due dates. The CRA and Revenue Quebec are currently scheduled to resume charging interest on outstanding balances for all accounts noted above on July 1, 2025.

For the official government announcements regarding this relief, please see:

Tax relief and support for business impacted by the tariffs
Deferral of GST/HST, QST and Corporate Income Tax Payments

If you have any questions about the tariff relief available to your organization, please do not hesitate to contact Ryan TaxDirect® at 1.800.667.1600 or taxdirect@ryan.com.