THE 2026 TARIFF TRAP: HOW TRADE WARS ARE TRIGGERING CANADIAN BANKRUPTCIES THE 2026 TARIFF TRAP: HOW TRADE WARS ARE TRIGGERING CANADIAN BANKRUPTCIES The rules of trade have changed, and Canadian businesses are caught in the crossfire. In this video, Brandon Smith, Senior Vice-President at Ira Smith Trustee & Receiver Inc., breaks down the "2026 Tariff Trap." From the U.S. Section 122 duties to the CUSMA 2026 review, we are seeing a surge in what we call "Tariff-Induced Insolvency." If your margins are being crushed by rising import costs or your U.S. customers are pulling back, you need to understand your legal protections under the Bankruptcy and Insolvency Act (BIA). What we cover: ✅ How the 2026 Tariff Trap creates a "Gridlock Liquidity Crisis." ✅ Why business owners are increasingly using personal credit to survive (and why that’s a mistake). ✅ The difference between a Consumer Proposal and a Division I Proposal for businesses. ✅ How a Licensed Ins...
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