Tariff 101: What are tariffs and why should I care?
FAQs
Tariffs are taxes that governments impose on goods coming from another country. Tariffs do not appear on your receipts, but they are paid on imported items.
Tariffs are paid by the importer, increasing the cost of goods, and can be passed on to the consumer or bore by the importer as an increased cost of goods sold.
Depending on your business, tariffs can increase the cost of goods and raw materials required to create goods. Tariffs can also compound especially if the goods need to be processed back and forth as tariffs are applied every time the product goes through the border.
Tariffs can also deter customers from transacting due to the added cost, lowering competitive advantage.
Use the Canada Tariff Finder to get information on your specific product/goods.
Canada has Free Trade Agreements (FTA) with other countries. View the links below for more information:
The Government of Canada is outlining a framework and process for how it will consider remission requests for the tariffs on products from the United States (U.S.) that apply beginning on March 4, 2025. Visit the Department of Finance’s website for more information.
The amount is the percentage of the value of affected goods before taxes.