Tariff Resources
Standing Together: Supporting Liberty Village Businesses Through Challenging Times
Rising tariffs and economic uncertainty are no longer just headlines—they’re the real, everyday challenges affecting the small businesses, offices, and creative spaces that make Liberty Village so unique. The Liberty Village BIA recognizes the strain these pressures place on our local entrepreneurs, their staff, and the community we care deeply about.
But we also know that resilience runs deep in Liberty Village. Through creativity, adaptability, and collaboration, we can weather these challenges together. That’s why we’re committed to strengthening our neighbourhood economy—connecting locally made products, services, and expertise with the people who need and value them most. We’re also working to link member businesses with domestic resources that support stability and long-term growth, keeping prosperity rooted right here.
On this page, you’ll find valuable tools, resources, and support designed to help your business navigate the current landscape. Together, we can build a Liberty Village that is not only locally thriving but also nationally strong. 🍁
City of Toronto Economic Response Resource
The City of Toronto is actively engaging with federal and provincial governments and supports a Team Canada approach to ensure we are ready to respond to the proposed 25 percent universal tariffs on all U.S. imports from Canada by the United States government. Toronto holds an integral role in the nation’s economy. We are committed to working closely with leaders across the country to address the impact of U.S. protectionism on local businesses and workers.
For real-time updates and assistance, connect with City staff to share how tariffs are impacting your business. We are here to support you every step of the way.
When you shop local your dollars stay in the local economy, creating jobs and contributing to the local tax base. This all creates vibrant and livable communities in which people want to live and entrepreneurs want to start and grow their businesses in. New investment is attracted to communities where small businesses thrive. This helps generate the tax revenue that builds critical infrastructure, provides amenities and funds programs for the community.
City of Toronto protects local economy with new Mayor’s Economic Action Plan in response to US tariffs. Learn more!
Weathering the Storm - A Canadian SME Playbook for Navigating US-Canada Tariffs -This is Not Just Theory – It’s Your Survival Guide.
This playbook is your concise, actionable guide to navigating this turbulent period. It’s designed specifically for Canadian SME leaders who need immediate, low-cost strategies to mitigate the impact of these tariffs and emerge stronger. Split into five modules, the playbook covers:
Module 1: Learn how to protect your cash flow through immediate forecasting, cost control, and working capital optimization.
Module 2: Strategies to adjust your costs, and pricing, and explore duty-drawback programs to maintain profitability.
Module 3: Diversifying your suppliers and explore alternative sourcing options.
Module 4: Information on implementing lean methodologies and identifying cost-saving opportunities.
Module 5: Understand how to optimize payment terms and Incoterms.
Canada Tariff Finder: Simplifying Trade for Canadian Businesses
The Canada Tariff Finder is a powerful tool designed to help Canadian businesses easily check import and export tariffs for specific goods and markets—particularly with countries that have Free Trade Agreements (FTAs) with Canada.
With this tool, you can:
View tariff rates applicable to all nations, as well as preferential rates offered through FTAs, including any phased reductions.
Compare tariffs for up to three different countries or products, making it easier to assess market competitiveness.
Simplify your search by entering keywords or Harmonized System (HS) codes, with the tool offering relevant product suggestions.
At the end of your search, you can conveniently print the results or receive them by email for future reference.
The Canada Tariff Finder is the result of a collaboration between BDC, EDC, and the Canadian Trade Commissioner Service of Global Affairs Canada—empowering Canadian businesses with the information they need to make informed trade decisions.
Preparing Your Business for Tariffs: A Checklist for Exporters
As the global trade landscape continues to shift, Canadian exporters are facing new and unpredictable challenges. At Export Development Canada (EDC), we understand the concerns these changes bring and are committed to equipping businesses with the knowledge and support they need to navigate this uncertainty.
While tariffs can disrupt operations, proactive preparation can help minimize their impact. Given the complexity of trade regulations, it’s essential to collaborate with tax experts, legal counsel, and customs brokers to assess how tariffs may affect your business and develop a strategy to mitigate potential risks.
Use the checklist on the next page as a guide for your internal discussions. It covers key areas to evaluate, ensuring your business is prepared to adapt and thrive in an evolving trade environment.
Ontario Made: Supporting Local, Strengthening Communities
The best of everything is made right here in Ontario—from cars, cosmetics, and pharmaceuticals to technology, food, clothing, and more. Every time you choose an Ontario-made product, you’re doing more than making a purchase—you’re directly supporting local manufacturers, makers, retailers, and their employees.
By prioritizing Ontario-made goods, you’re helping to strengthen our economy, create jobs, and fuel growth in the communities we call home. Together, we can celebrate the incredible craftsmanship and innovation that defines our province—one local purchase at a time.
10 Steps to Help Ontario’s Small and Medium-Sized Businesses Prepare for U.S. Tariffs
Navigating U.S. tariffs can be challenging for small and medium-sized businesses (SMBs) in Ontario, but with the right strategies, you can minimize the impact and protect your operations.
