Canadian Excise Tax Introduction
THE KEY POINTSRoyal assent passed June 23, 2022 All product manufactured after October 1, 2022 will require a federal duty excise stamp Tax is remitted and reported at the manufacturing level Retailers and distributors may sell unstamped product until December 31, 2022 at 12am, produced prior to October 1, 2022 Effectively at 12:01am January 1, 2023 any eliquid product unstamped is considered illegalHOW WILL THIS AFFECT PRICING? The initial 10ml of e-liquid will be taxed at 50¢ per ml. Thereafter, a rate of 10¢...
