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
Over £80,000 Worth of Fake Tobacco on Sale in Two Nottingham Shops
Adnan Mohamed (29) of Dryden Street, Nottingham, who runs the Biedronka shop on...
Mumbai: Crime branch arrests one for selling beauty products after altering their expiry dates
The crime branch department of Mumbai police have arrested a 51-year-old man who...
Mumbai Crime: Businessman nabbed in foreign cigarette smuggling case
The Directorate of Revenue Intelligence (DRI) on Thursday arrested entrepreneur...
Counterfeit Seahawks merchandise can be hard to tackle
As the new Seahawks season picks up speed, fans are showing their enthusiasm by...

