Federal budget: Tax hikes on cigarettes leave smokers digging deeper
OTTAWA — The federal government is substantially hiking taxes on cigarettes, chewing tobacco and cigars — a move that is sure to leave Canadian smokers doing a slow burn and raises the spectre of increased contraband sales. Even so-called “duty free” tobacco won’t be spared the tax hike announced in Tuesday’s budget: They’ll now face the same federal excise taxes as domestic smokes and manufactured tobacco. The government expects to take in an extra $3.3 billion in revenue from the tobacco tax hikes between now and the 2018-19 fiscal year (including $685 million in the 2014-15 fiscal year starting April 1). The move is sure to spark some ill will towards a government that has promised it would not increase taxes on Canadians, as Ottawa looks to balance the books in 2015, partly on the backs of smokers. Minister of Finance Jim Flaherty and Prime Ministers Stephen Harper enter the House of Commons on budget day on Parliament Hill in Ottawa on Tuesday, February 11, 2014.
Related Posts
Leading brands highly vulnerable to online fakes this Valentine’s Day
Ahead of this year’s Valentine’s Day, NetNames, the leading online brand...
Anti-counterfeit tracers to protect cigarettes and alcohol in China
ANTI-counterfeiting group YPB says it has started to supply invisible tracer, ink...
Waterpipe tobacco and 400,000 cigarettes seized in Edmonton 6
Over 1,600 kg of contraband waterpipe tobacco (shisha) and more than 400,000...
Assam Police seize over 1.5 lakh foreign cigarettes in Guwahati, two arrested
In a major crackdown on the illegal trade of foreign tobacco products, the...



