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Ottawa collects extra $617M from import duties in March as counter-tariffs hit U.S.

  • In March 2025, Ottawa collected over $1 billion in customs duties, more than doubling the amount from a year earlier due to new counter-tariffs on U.S. Goods.
  • The rise in revenues came after the federal government implemented countermeasures on imported U.S. Goods valued in the billions amid ongoing trade tensions, with Finance Minister Champagne describing the situation as rapidly changing.
  • Canadian businesses importing U.S. Goods paid the additional costs from these counter-tariffs, which the Liberals estimated during their recent federal election campaign could raise $20 billion over 12 months.
  • Finance Minister François-Philippe Champagne stated the $20 billion figure was "a projection at a moment in time," emphasizing tariff changes' fast pace amid threats of further U.S. Levies.
  • The tariff measures imply sustained fiscal impacts for Canada, with the government foregoing a spring budget and promising a fiscal update in fall as trade tensions persist.
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Sask TodaySask Today
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Buffalo Pound water plant could pay $1M extra in tariffs on upgrade project

The contractor has also submitted a notice that it reserves the right to claim costs for tariffs.

Lean Left

The Canadian government has more than doubled tax revenues from import tariffs, including its counter-tariffs.

·Montreal, Canada
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TVA NouvellesTVA Nouvelles
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Le Journal de QuebecLe Journal de Quebec
Lean Left

The Canadian government raised $617 million in additional revenue through counter-tariffs imposed on U.S. imports only in March.

·Montreal, Canada
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Prince George CitizenPrince George Citizen
+6 Reposted by 6 other sources
Lean Left

Liberals pressed to reveal how much revenue U.S. tariff response has raised

OTTAWA — The Conservatives pushed the federal government on Monday to disclose how much revenue its counter-tariffs have generated so far — and accused the Liberals of putting their "elbows down" as U.S.

·Prince George, Canada
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manager magazin broke the news in on Monday, June 2, 2025.
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