Feds proposing legal weed tax of at least $1 per gram, plus GST - 1310 NEWS
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Feds proposing legal weed tax of at least $1 per gram, plus GST

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OTTAWA – Anyone planning to purchase legal marijuana next year better be prepared to pay the taxman as well, to the tune of at least $1 for every gram, plus GST.

The proposed federal tax scheme, announced today, will be available for public comment until Dec. 7 as Canada prepares to legalize the drug by next summer.

The plan would add an excise tax of $1 per gram or 10 per cent of the final retail price, whichever is higher, with the revenues to be divided equally between Ottawa and the provinces.

GST will be also be applied, so if the retail price of a single gram of pot is $8, consumers would pay a $1 excise tax and $1.17 in GST for a total of $10.17.

The taxes would be levied on both on fresh and dried marijuana, pot-infused oils and seeds and seedlings used for home cultivation.

The 50-50 tax revenue split idea has already rankled some premiers who say their governments have to do the bulk of the heavy lifting on legalization, including policing, distributing and regulating the sale of marijuana.

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Here is the thing in Ontario. 98% of existing users will not purchase from the provincial government. We do like the current dispensary but never ever will we buy from the Liberal Black Market with Wynne as the mob boss.

They treated us like criminals for years and years. Now they want our money? Good luck! NEVER! Close the dispensaries and we will go back to Bob or Julie down the street or order online.

I am telling you, business will be very slow on these Pot LCBO’s. The black market will now thrive because it will be a legal product.

You want this to work? License the private sector.

November 10, 2017 at 3:02 pm