What Is Canada's 'Excise Tax' or 'Stamps'
Key Points for Canadian Vapers:
- Excise tax introduced in Canada for vaping products from October 1, 2022.
- Applies to e-liquids, disposable vapes, pre-filled systems, and DIY supplies for e-juice.
- All affected vaping products must bear an excise stamp by January 1, 2023, indicating duty payment.
- Duty rate: $1 for every 2mL or g (liquid or solid) up to 10mL or g, plus $1 for every 10mL or g thereafter (rounded up).
- Responsibility for paying duties lies with the packaging party or designated entity under Canada's Customs Act for imports.
- Some businesses may adjust prices, potentially increasing costs for consumers.
- Vaping remains a more cost-effective choice compared to smoking, with e-liquid prices still around 25% of cigarette costs.
- Starting in 2023, all Canadian vape products will feature an excise stamp on their packaging.
- Royal Vape Kitsilano is dedicated to keeping consumers informed about vaping industry developments.