Excise Tax Increase effective July 1st, 2024

Excise Tax Increase effective July 1st, 2024

We wanted to inform our valued customers about some important changes to the Excise Tax rates that will affect the prices of our e-liquid products starting July 1st, 2024.

Federal Excise Tax Increase

As part of the federal budget for 2024, the government has announced a 12% increase in the Excise Tax rates, effective July 1st, 2024. 

Provincial Excise Tax

In addition to the federal Excise Tax increase, the Provincial Governments of Quebec, Ontario, Nunavut, and the Northwest Territories have decided to piggyback on the tax, effectively doubling the rate in their respective jurisdictions. This increase is also set to take place on July 1st 2024.

Impact on our Customers

These change greatly impact the price of the Excise Tax.

For our customers located in Ontario, Quebec, Nunavut and Northwest Territories, the following table displays the new taxation rate per bottle starting July 1st 2024:

Bottle Size Federal Excise Tax Per Bottle Provincial Excise Tax Per Bottle Total Excise Tax Per Bottle
60mL $11.20 $11.20 $22.40
120mL $17.92 $17.92 $35.84

For our customers located in any province other than the ones listed above, the following table displays the new taxation rate per bottle starting July 1st 2024::

Bottle Size Federal Excise Tax Per Bottle Provincial Excise Tax Per Bottle Total Excise Tax Per Bottle
60mL $11.20 $0.00 $11.20
120mL $17.92 $0.00

$17.92

Transition Period

The government has granted a 3 month transition period (July 1st to Sept 1st 2024) where stamped products manufactured before July 1st 2024 can be sold without the added Provincial Tax. 

To offset the cost of the new machinery required and limit hoarding of our existing stock during this transition period, we will increase the price of our stocked products by 2$ on July 1st.

How to Prepare

  • Stock Up Early: If you regularly purchase e-liquid products, consider stocking up before July 1st to avoid the price increase.
  • Stay Informed: We will continue to provide updates and detailed information. Make sure to subscribe to our mailing list!

We understand that tax increases can be challenging, and we appreciate your understanding and continued support. Our commitment to providing you with the highest quality Canadian Lab made e-liquid products at the lowest price remains our top priority!

Stay tuned for updates!

The Vaporist Team


Older Post Newer Post