|
Important Excise Tax Information We are very proud to announce that as of August 18th 2022 Cold Turkey Juice inc. officially received its Vaping products manufacturing license. This means we will be able to keep supplying you with the flavours you have come to love and trust. How much is the tax? The Government has implemented a Federal Excise Tax which we have listed below. It is important to note that upon adding this Federal Tax they gave the option to each province individually to add its own on top of the Federal amount. The Province of Ontario as well as Quebec, Nunavut and the Northwest territories have opted in.
Rates of excise duty on vaping productsVaping liquids are measured in millilitres (mL) and vaping solids are measured in grams (g). The current rates of excise duty in specified and non-specified vaping provinces are:
Effective July 1, 2024, the rates of excise duty in non-specified vaping provinces would be:
Effective July 1, 2024, the rates of excise duty in specified vaping provinces would be:
It is equally as important to know that Cold Turkey Juice base prices before Federal and Provincial Excise Tax will be dropping slightly in order to alleviate the overall price increase due to the new excise tax. We will slowly see an increase in prices over the next 3 months as we start manufacturing product with the new provincial excise tax.
Example For Ontario, Quebec, Nunavut and Northwest Territories:
Example for all other provinces:
|
|
|
|
|
|
|
When is this all going down?
The official date is September 30th 2024 at Midnight. All Products Containing E-Liquid after this date are subject to Federal and Provincial Excise Tax in the above mentioned provinces only . All products manufactured after June 30th 2024 are also subject to Excise Tax by federal law regardless of the official roll-out date mentioned above. However, All products manufactured before June 30th 2024 can be sold without Provincial Excise Tax up until September 30th Midnight. With that being said, we have carefully forecasted a solid 3 month supply of bottles of e-liquid to keep us going until the official roll-out date so you don't have to pay the additional Provincial Excise Tax prematurely.
We can not guarantee that all Cold Turkey Juice flavours in all variants will be available free of provincial Excise Tax up until the end of September. Because of this, systematic price changes will occur as we run out of pre-deadline manufactured product. These new Provincial Excise Taxed products will have new duty paid stamps. You will not see an additional line on your receipts or invoices as Excise Tax is worked into the retail price. Please see above for pricing and price breakdown as well as examples.
Please note that we can only speak to the product that we ourselves manufacture and not the other products such as Pods and Disposables that we bring in from around the globe. These "Other" products can start to incur Provincial Excise Tax as early as the first week of July 2024 or as late as September 3oth 2024.
Is there any light left at the end of that long tunnel? I speak for all of us when I say we as an industry have suffered some intense regulations over the years. We have endured and persevered through all of it together. Regulation is inevitable in our Country but if it means we get to keep the one thing that keeps us from smoking then so be it. At the end of the day even with the Excise Tax, Vaping is still a much less harmful alternative to smoking and still way more cost effective.
Excise Duty on Vaping Products: You can find more information here: https://www.canada.ca/en/ Please feel free to reach out anytime either by Phone +1-905-632-1775 e-mail Info@coldturkeyjuice.com or our online chat at www.coldturkeyjuice.com
COLD TURKEY JUICE INC. BURLINGTON VAPE SHOP |
