Excise Tax Evaluation 2024
Excise Tax Breakdown
Fedral Excise Tax
Ontario/Quebec Excise Tax
Fedral Excise Tax
The 12% increase recently announced will impact the federal excise tax rate.
To provide clarity on the tax structure, let’s break it down:
- For the first 10 milliliters (mLs), the new tax rate is $1.12 per 2mL.
- For each additional 10mL, $1.12 is applied.
Ontario/Quebec Excise Tax
The Ontario/Quebec excise tax rate is double to the federal rate. The 12% increase recently announced will impact Ontario/Quebec excise tax rate.
To provide clarity on the tax structure, let’s break it down:- For the first 10 milliliters (mLs), the new tax rate is $2.12 per 2mL.
- For each additional 10mL, $2.12 is applied.
Up to – June 30, 2024
| Federal Tax | $1 |
|---|
Effective July 1, 2024
| Federal Tax *Increased 12% | $1.12 |
|---|---|
| Provincial Tax (ON, QC, NU, NWT) | $1.12 |
| Total Excise Tax (Federal + Provincial) | $2.24 |
Up to – June 30, 2024
| Federal Tax | $2 |
|---|
Effective July 1, 2024
| Federal Tax *Increased 12% | $2.24 |
|---|---|
| Provincial Tax (ON, QC, NU, NWT) | $2.24 |
| Total Excise Tax (Federal + Provincial) | $4.48 |
Up to – June 30, 2024
| Federal Tax | $3 |
|---|
Effective July 1, 2024
| Federal Tax *Increased 12% | $3.36 |
|---|---|
| Provincial Tax (ON, QC, NU, NWT) | $3.36 |
| Total Excise Tax (Federal + Provincial) | $6.72 |
Up to – June 30, 2024
| Federal Tax | $4 |
|---|
Effective July 1, 2024
| Federal Tax *Increased 12% | $4.48 |
|---|---|
| Provincial Tax (ON, QC, NU, NWT) | $4.48 |
| Total Excise Tax (Federal + Provincial) | $8.96 |
Up to – June 30, 2024
| Federal Tax | $5 |
|---|
Effective July 1, 2024
| Federal Tax *Increased 12% | $5.60 |
|---|---|
| Provincial Tax (ON, QC, NU, NWT) | $5.60 |
| Total Excise Tax (Federal + Provincial) | $11.20 |
Up to – June 30, 2024
| Federal Tax | $6 |
|---|
Effective July 1, 2024
| Federal Tax *Increased 12% | $6.72 |
|---|---|
| Provincial Tax (ON, QC, NU, NWT) | $6.72 |
| Total Excise Tax (Federal + Provincial) | $13.44 |
Up to – June 30, 2024
| Federal Tax | $7 |
|---|
Effective July 1, 2024
| Federal Tax *Increased 12% | $7.84 |
|---|---|
| Provincial Tax (ON, QC, NU, NWT) | $7.84 |
| Total Excise Tax (Federal + Provincial) | $15.68 |
Up to – June 30, 2024
| Federal Tax | $8 |
|---|
Effective July 1, 2024
| Federal Tax *Increased 12% | $8.96 |
|---|---|
| Provincial Tax (ON, QC, NU, NWT) | $8.96 |
| Total Excise Tax (Federal + Provincial) | $17.92 |
Up to – June 30, 2024
| Federal Tax | $9 |
|---|
Effective July 1, 2024
| Federal Tax *Increased 12% | $10.08 |
|---|---|
| Provincial Tax (ON, QC, NU, NWT) | $10.08 |
| Total Excise Tax (Federal + Provincial) | $20.16 |
Up to – June 30, 2024
| Federal Tax | $10 |
|---|
Effective July 1, 2024
| Federal Tax *Increased 12% | $11.20 |
|---|---|
| Provincial Tax (ON, QC, NU, NWT) | $11.20 |
| Total Excise Tax (Federal + Provincial) | $22.40 |