Incentive Spotlight
Ontario Together Trade Fund (OTTF)

Program Overview

The Ontario Together Trade Fund is a $50 million initiative launched by the Government of Ontario to help Ontario-based for-profit businesses address the impacts of U.S. trade disruptions. The program supports projects that enhance domestic competitiveness, reshore supply chains, and expand interprovincial or international market access. Funding is available through grants or interest-free loans to accelerate strategic investments that create or retain jobs and build Ontario’s economic resilience.

Benefits

• Access up to $5 million in government funding per project
• Up to 75% coverage of eligible project costs for high-impact proposals
• Interest-free loans during the project period (up to 2 years)
• Loan forgiveness of up to 30% (maximum $1.5M) may be granted if job creation, capital investment, and other performance criteria are met, subject to government discretion
• Support for investments in equipment, facility upgrades, certifications, skilled labour, and market development

Eligibility

Applicant Requirements

• For-profit business (incorporated or limited partnership) registered and operating in Ontario
• Minimum of three years of operations with available financial statements
• At least five full-time equivalent employees
• Businesses must be impacted by U.S. trade disruptions (e.g., revenue drop of 30%, tariffs, or supply chain effects)
• Examples include businesses in the steel, aluminum, automotive, or other export-oriented sectors that have faced U.S. tariff barriers or significant disruptions to cross-border supply chains

Project Requirements:

• Minimum $200,000 in eligible project costs
• Located and executed in Ontario
• Must be completed within two years
• Aimed at diversifying revenue, enhancing supply chain resilience, or creating/retaining Ontario jobs