By Tristan Bertram • Director of Industry Affairs, TIAC • 825-522-4834 • tristan.bertram@tiac.ca
We are in the midst of understanding the direction Canada’s new government will take us in, and businesses across the country are grappling with rising tariffs, labour shortages, supply chain disruptions, and inflationary pressures. These challenges are felt across the construction sector, and the mechanical insulation industry is no exception. In times like these, the value of a strong, unified industry community becomes even more important. TIAC remains committed to standing alongside you—advocating for our industry, seeking out opportunities for support, and ensuring our members are well-informed.
In this article, I’ve outlined a few business support programs that could offer meaningful help during this challenging period. However, our commitment to supporting our members isn’t just about sharing resources—it’s about action. At TIAC, we are rallying to face these challenges head-on. Whether through advocacy efforts or leveraging grant programs, our association is dedicated to ensuring our members have the tools and backing needed to successfully navigate adverse market conditions.
A recent and impactful example of this is the “Building MI Sustainable Future Program” grant, received in collaboration with the Thermal Insulation Association of Alberta. This grant from the Government of Alberta will directly impact our members and is a significant step in our strategy to ensure the prosperous future of our industry (read more on page 14).
While TIAC remains focused on long-term strategic initiatives and government advocacy, several federal support programs are available to help you navigate today’s uncertainties. Below are a few programs your organization might be able to take advantage of (scan the QR code for links to the official websites):
- Enhanced Work-Sharing Program (Employment Insurance): The Work-Sharing Program lets employers and employees avoid layoffs during temporary slowdowns by sharing reduced work hours. When a business experiences a temporary drop in activity beyond its control, employees who agree to a minimum 10% reduction in weekly earnings receive income support through Employment Insurance. This three-party agreement—between employers, employees, and Service Canada—typically lasts between 6 and 26 weeks, with possible extensions. Special measures for the Work-Sharing Program in response to the tariffs are in effect from March 7, 2025, until March 6, 2026.
- Business Development Bank of Canada (BDC)—Small Business Loan Program: The BDC offers loans of up to $100,000 for small businesses. The funds can be used for cash flow management, equipment upgrades, or market expansion. Businesses must be Canadian-based, revenue-generating for at least 24 months, and have good credit history. With no collateral required, a streamlined online application, and interest-only payments for the first six months, this loan is designed for ease and accessibility. You can apply online through BDC’s website.
- Trade Impact Program: Export Development Canada’s (EDC) Trade Impact Program offers $5 billion over two years to help Canadian companies navigate the financial uncertainties brought on by global trade tensions. The program is designed to provide a financial safety net and supports businesses facing risks like non-payments, currency fluctuations, and tightening cash flow. The program is primarily open to Canadian exporters or companies directly involved in export-related activities. Contact EDC directly or complete their online eligibility assessment to explore whether your business qualifies.
- Pivot to Grow Program: The BDC has also launched the Pivot to Grow program, which provides $500 million in financing, advisory services, and loan deferrals to small and medium-sized enterprises (SME) directly impacted by potential or imposed United States tariffs. The program is designed to help businesses manage financial challenges caused by paused or cancelled contracts, increased costs, or other disruptions related to United States trade uncertainty. The program focuses on supporting companies that export at least 25% of their sales to the United States or are part of supply chains with direct exposure to the American market.
- Industrial Research Assistance Program (IRAP): Finally, IRAP by the National Research Council of Canada, supports Canadian businesses in their R&D projects by providing non-repayable financial assistance and expert advisory services. IRAP can cover up to 60–80% of eligible R&D costs, offering as much as $500,000 CAD over 12–24 months. Eligible applicants are Canadian, profit-oriented SMEs with under 500 full-time employees. The program funds activities such as new technology development and improvements to existing products. To apply, businesses should contact a local IRAP advisor for guidance.
Hopefully, these resources can help you navigate current challenges and position your business for future growth.
Regardless of the political party running Canada or geopolitical uncertainties, TIAC remains focused on advocating for our industry and ensuring our voice is heard. Through collaboration and shared purpose, we’re laying the foundation for a stronger future, and our growing relationship with government is helping us position our industry for long-term success. Thank you for being a part of TIAC and investing in that future. If there’s anything I can do to support you, don’t hesitate to reach out. ▪
