Effective July 1, 2024, the Ontario government will implement a new Provincial Vaping Excise Tax, which will match the rate of the Federal Excise Tax. This initiative aims to discourage vaping usage by significantly increasing the cost of ALL E-Liquid containing vape products. Additionally, the Federal Government will increase the existing Federal Vaping Excise Tax by 12%, also effective July 1, 2024.
The forthcoming Provincial Vaping Excise Tax reflects Ontario's targeted response to escalating public health challenges associated with vaping. It is designed to reduce the financial appeal of vaping, thereby addressing its growing prevalence among youth and adults.
From July 1, 2024, all businesses must apply the revised tax rates to their products or face serious penalties. Detailed guidelines will be provided by the government to ensure businesses follow the new tax regulations.
At OneWholesale.ca we are dedicated to providing you with the highest quality information in order to help your purchasing decisions. With that in mind, here is a cost breakdown of the new Ontario Provincial Tax.
|
Quantity |
Federal Tax |
Provincial Tax (ON, QC, NU, NWT) Including 12% Tax Increase |
Total Excise Tax (Fed. + Prov. Tax) |
|
0.1mL - 2mL |
$1.12 |
$1.12 |
$2.24 |
|
2.1mL - 4mL |
$2.24 |
$2.24 |
$4.48 |
|
4.1mL - 6mL |
$3.36 |
$3.36 |
$6.72 |
|
6.1mL - 8mL |
$4.48 |
$4.48 |
$8.90 |
|
8.1mL - 10mL |
$5.60 |
$5.60 |
$11.20 |
|
10.1mL - 20mL |
$6.72 |
$6.72 |
$13.44 |
|
20.1mL - 30mL |
$7.84 |
$7.84 |
$15.68 |
|
30.1mL - 40mL |
$8.96 | $8.86 | $17.92 |
|
40.1mL - 50mL |
$10.08 | $10.08 | $20.16 |
|
50.1mL - 60mL |
$11.20 | $11.20 | $22.40 |
July 1, 2024: Updated Federal and New Provincial Excise Tax increases take effect, raising the price of vaping products.
September 1, 2024: All products must feature the new Excise Stamps. Products without updated Excise Tax Stamps can no longer be legally sold.
September 30, 2024: All businesses must sell E-Liquid containing products with Province-specific stamps. Products must only be sold within the designated province.
October 1, 2024: RCMP begins enforcement, with severe penalties and criminal charges for non-compliance.
