PwC published the The impact of US tariffs for Canada’s not-for-profit sector report, which delves into the potential impacts of tariffs on Canada’s nonprofit sector. The report posits that the three main channels that will be impacted by tariffs will be decreased funding, increased costs of inputs due to counter-tariffs, and a greater need for services. PwC projects that there will be:
- Up to a $100 million reduction in giving in 2026 relative to pre-tariff expectations.
- $126 million plus in potential loss of GDP impact generated by nonprofit organizations.
- Increased needs from communities: food bank visits have increased 90% since 2019 and are expected to rise further.
- Increased costs for goods like food, medical equipment and pharmaceuticals, which will have a spillover impact on nonprofits.
The report provides valuable insights for nonprofits, policymakers, donors, and investors to help assess current needs and mitigate the potential impacts of the tariffs.
Access the report for further insights, click here.