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Tobacco and Cannabis Taxation

Posted in Tax

On February 27, 2018, Finance Minister Bill Morneau tabled in the House of Commons the Liberal Government’s third budget, Equality + Growth = A Strong Middle Class (“Budget 2018”).  Budget 2018 contains tax measures  in respect of tobacco and cannabis.

Tobacco Taxation

Budget 2018 proposes to advance the existing inflation adjustments on tobacco excise duty rates on an annual basis to take effect on 1 April of each year starting in 2019, rather than every five years, with an adjustment effective February 28, 2018 to account for inflation since 2014.

Budget 2018 also proposes to increase the excise … Continue Reading