An Important Message on Proposed Steel Tariffs

Over the last three years, we have been working with our colleagues in the Canadian Chamber of Commerce network and the Canadian Steel Producers Association to address unfair market practices and steel being dumped into Canada by non-market producers. 

The steel industry is the backbone of the Hamilton economy, supporting almost 10,000 direct and over 30,000 indirect jobs in our community.

On February 27th, the Liberal Government released their 2018 Federal Budget. See below for a summary (courtesy of the Canadian Chamber of Commerce) on the impacts it will have on Canadian businesses.

Tax Treatment of Passive Investment Income

Last year’s proposals by the Finance Department had caused significant concerns amongst the business community.

February 21st, 2018: The Government of Ontario is proposing The Fairness in Procurement Act, 2018, would, if passed, allow Ontario to take responsive and proportional action to discriminatory government procurement practices by U.S. subnational jurisdictions.

Buy American policies in the U.S. at the state level could restrict or inhibit Ontario-based businesses from participating or succeeding in certain state government procurement contracts.