IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 09 Jan 2017 | Removal date: open ended
Still in force

Financial grant

On January 9, 2017 the governments of Canada and Ontario announced an agreement to support a new investment by Honda Canada in Alliston, Ontario. At the Federal level, the Minister of Innovation, Science and Economic Development announced an investment of Can.$41.8 million over three years. The Government of Ontario is also contributing Can.$41.8 million in support of a total project investment of Can.$492 million. These subsidies amount to US$62.2 million.

The funding is provided through the Automotive Innovation Fund (AIF), which provides support for strategic research and development projects. The minister also announced changes to the terms and conditions of the AIF. The changes include the option of recipients receiving contributions without the expectation of repayment.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

491 Motor vehicles, trailers & semi-trailers; parts
8703 Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars.
870322 Of a cylinder capacity exceeding 1,000 cc but not exceeding 1,500 cc
870323 Of a cylinder capacity exceeding 1,500 cc but not exceeding 3,000 cc

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