Ontario To Add Provincial Tax To Vaping Products; Meant To Discourage Youth Uptake
Courtesy of Barrie360.com and Canadian PressPublished: Nov 3rd, 2023
Toronto
The price of vaping products is set to rise in Ontario, with the province planning to add a tax as a way to reduce the prevalence of vaping, particularly among young people.
Finance Minister Peter Bethlenfalvy’s fall economic statement this week contains an announcement that Ontario will be adding a provincial excise duty to vaping products, which would double the current federal duty rates.
The combined tax would see manufacturers and importers paying $2 per two millilitres of vaping liquids for the first 10 millilitres, then $2 per 10 millilitres for volumes beyond that.
Ontario says in the fall economic statement that taxation is a well-established approach to deterring the consumption of products that pose health risks.
The Heart and Stroke Foundation says vaping rates among the youngest teens are on the rise, and emerging evidence shows vaping can harm the respiratory system, mental health and blood pressure.
Meanwhile, the Convenience Industry Council of Canada says any new tax on products sold in convenience stores threatens the viability of the businesses.
Patricia is the Business Mentor and owner of Grow Vantage and a Past President of the Barrie Chamber of Commerce. She applies over 30 years of business experience (from start-up to corporate) to mentor entrepreneurs. Since 2011, she has held over 6,500 coaching and training sessions in-person and online. Through Ask For Directions Training, her entrepreneurial training program (and parent company Grow Vantage), and as a business coach, she works with start-ups who are new (or who have lost traction) to design, launch and grow their businesses. Along with 20 other expert instructors she teaches strategies in marketing, sales, communications, and finance, as well as practical techniques to increase productivity, and manage their businesses. In other words, everything entrepreneurs need to learn to grow and run their businesses successfully, and avoid the costly mistakes they can't even see coming - that lead to delays in growth and getting stuck.
- Canada – US Relations: Donald Trump wants Canada’s critical minerals. What should we do with them? - April 25, 2025
- Alternate Trade? Australia celebrates end to ‘Vegemite-gate’ after product back on shelves in Toronto - April 25, 2025
- Pope Francis has died: 1) Gov. Gen. Mary Simon to represent Canada at Pope Francis’s funeral Saturday; 2)’To honour him’: Canadian Bishops, Métis leader attending funeral for Pope Francis; 3) Pope Francis’ funeral will be held on Saturday; 4) Bells toll as Pope Francis’ body is transferred to St. Peter’s Basilica for 3 days of public viewing; 5) Pope Francis, first Latin American pontiff who ministered with a charming, humble style, dies at 88; 6) None of Canada’s five cardinals likely to be next pope, Vatican experts say - April 25, 2025