IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 12 Jan 2015 | Removal date: open ended
Still in force

Financial grant

The Federal government of Canada and the provincial government of Ontario are reportedly providing millions of dollars in support to the auto parts manufacturer Linamar Corporation in order to create 1,200 jobs, but - according to Canadian press accounts (see for example a January 12, 2015 report at http://globalnews.ca/news/1768308/feds-to-announce-major-investment-at-l...) the terms of the deal are secret. The plant in question is located in Guelph, Ontario.
The total investment is valued at $506.8 million, which - according to a Government of Ontario press release (http://news.ontarionewsroom.com/opo/en/2015/01/ontario-partners-with-lin... ) - will include $50.25 million in support from the provincial authorities.
Press accounts quoted a spokesperson for Ontario's Finance Minister as stating that the terms of the agreement are being kept secret because publishing them 'may reduce our negotiating position when we discuss future investments with businesses across Ontario.'

AFFECTED COUNTRIES

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TABLE
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AFFECTED SECTORS AND PRODUCTS

491 Motor vehicles, trailers & semi-trailers; parts
8708 Parts and accessories of the motor vehicles of headings 87.01 to 87.05.
870810 Bumpers and parts thereof
870830 Brakes and servobrakes; parts thereof
870840 Gear boxes and parts thereof
870850 Driveaxles with differential, whether or not provided with other transmission components, and nondriving axles; parts thereof
870870 Road wheels and parts and accessories thereof
870880 Suspension systems and parts thereof (including shock absorbers)
870891 Radiators and parts thereof
870892 Silencers (mufflers) and exhaust pipes; parts thereof
870893 Clutches and parts thereof
870894 Steering wheels, steering columns and steering boxes; parts thereof
870895 Safety airbags with inflater system; parts thereof
870899 Other
492 Motor vehicle bodies; trailers & parts thereof
8708 Parts and accessories of the motor vehicles of headings 87.01 to 87.05.
870821 Safety seat belts
870829 Other

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