Business
Free tool · Canada's counter-tariffs on U.S. goods

Will the new tariffs eat your margin, or your loan?

Type what you buy. See the added duty, what it does to your profit, and the month your bank's coverage test starts to fail.

In force  ,   893 tariff items at 15%, 25% and 50% Your figures never leave your browser

Rate
Change
Indicative description Tariff item Sector On Sept 8 Rate Add

Nothing on this list matches that

That is not the same as “no tariff applies.” This list covers only Canada's counter-tariffs on U.S.-origin goods. Separate U.S. tariffs run in the other direction, and the plain-language matching here is editorial – it is not part of the official schedule.

Try a broader word, the material rather than the finished product, or the first four digits of your tariff code. Borderline goods are classified by your customs broker, not by this page.

Browse the whole list by sector
Listed tariff items by sector, split by rate
Count of tariff items in force 8 September 2026. Select a sector to filter the list.

A real business, run through the list

A three-bay auto shop, and what the list did to its year

Tires, brake pads, oil and filters are not on the list. Steel, springs and the new hoist are. These figures are already loaded into the calculator below – type over them with your own.

Run my own numbers See how this case was built

Step 01

What the duty costs you

Put your own volumes against each line. Everything recalculates as you type.

What the columns mean

Purchases are landed cost before duty. Made in is country of origin, where the goods are made rather than who invoices you – goods made outside the U.S. carry no Canadian counter-tariff. Bought separates what you buy again every year, which hits margin, from a one-off purchase such as equipment or a fit-out, which does not touch margin at all: it enlarges what you borrow.

Purchase line Tariff item Rate Made in Bought Purchases C$ Added duty C$  

Your business, before the tariff

Last twelve months.
Gross profit over revenue, before the tariff.
Operating profit before interest, tax and depreciation.
0 means you absorb the whole duty.
Three pass-through scenarios Duty absorbed EBITDA Change DSCR

Full pass-through holds EBITDA in dollars but carries volume risk this page does not model: recovering the duty through price assumes your customers accept it. Source: rates from the Department of Finance Canada list effective 8 September 2026.

Step 02

What your lender sees

Your costs rise now. Your lender's test fails months later. Both dates are below.

Why the test fails later than the cost starts

Coverage covenants are tested on a trailing twelve months, so a duty that begins on 8 September 2026 only enters that window gradually: after three months the test carries a quarter of it, after six months half, and it reaches full weight twelve months on. The ratio keeps passing for a while after the cost has already started, and that gap is your runway.

Principal plus interest, all facilities.
The minimum in your loan agreement. 1.25 is common.
Lender details – only if your agreement uses them
Cash taxes, unfunded capex, distributions – if your lender deducts them before coverage. Leave at 0 if not.
Used to price the extra borrowing your one-off purchases now need, on the terms your existing facility already implies.
Share of equipment and fit-out you borrow rather than pay in cash. 80% is typical under CSBFP.

Coverage ratio on a trailing-twelve-month basis
 

The duty enters a trailing-twelve-month test gradually from 8 September 2026 and reaches full effect twelve months later, which is why a covenant can pass at first and fail later. Coverage is computed as EBITDA less other cash deductions, over debt service; lenders define it differently, so use the definition in your own agreement.

Step 03

What to do about it

Each move below fired on the numbers you entered, carries your dollars, and is ordered by what it is worth.

    Worked example

    How the auto shop case was built

    A fictional three-bay shop with an exhaust bench, modelled the way we model a bank case: one workbook of assumptions drives every figure, and every purchase line was matched against the schedule item by item.

    The business, as its lender would see it

    MetricBefore the tariffWith the tariff Change

    What the numbers said

    FindingAmount

    What we would tell this owner to do

      What this page could not see

      The arithmetic above is sound and it took minutes. But two of the six findings turn on a customs classification, and the largest one turns on a fact no calculator holds – where a supplier's goods are actually made. This page cannot settle either.

      It also holds everything else still. It does not move your volumes, your prices, your working capital or your break-even month. It does not cost out the supplier switch, weigh the price response, or restructure the facility. And it does not produce the forecast a lender will accept – it produces the reason you now need one.

      Screening is where this ends. Your lender starts here

      Send the analysis you just built. You get back line-by-line exposure at tariff-item level, working capital through the change, supplier substitution costed out, and a forecast your lender will accept – in writing, as documents you can forward. No meetings.

      Ask for a tariff exposure check

      Six fields, and the numbers you just built

      Written reply within one business day, from Artur. If it is not worth doing on your numbers, the reply says so.

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    Screening only – what this page is not
    
      Results are matched by description, not by binding classification. Finance Canada's own note
      on this list: it “is prepared for information purposes only and has no official
      sanction” and must be read with the Schedule to Canada's Customs Tariff. Confirm
      anything that carries money with a licensed customs broker or the CBSA.
      
    
      This page is a screening tool, not financial advice and not a substitute for a model built on
      your actual statements. It works on the figures you type, applies one coverage formula, and
      holds everything else constant.
      
  
      

  

      


  
      
    
      
    
      Plain-language search terms are added editorially so the list can be searched by
    ordinary product names. They are not part of the official list. Rates and tariff item numbers are
    reproduced from it unchanged, and every row shows its tariff item so it can be checked against the
    source.