The British Columbia government announced that the tobacco tax will increase. (This was not highlighted in the Minister’s speech, budget briefings or media interviews.) Effective October 1, 2017, the tax rate on cigarettes will increase to $49.40 from $47.80 per carton of 200 cigarettes, and the tax rate on fine-cut tobacco will increase to 24.7 cents from 23.9 cents per gram. More information on the requirement to take an inventory of, and pay additional security on, unsold tobacco products held in B.C. as of midnight, on September 30, 2017 will be provided at a later date.
More information on the Tobacco Tax can be found on the Government of British Columbia web site here: http://www2.gov.bc.ca/gov/content/taxes/sales-taxes/tobacco-tax.
If you have any questions or concerns, please do not hesitate to contact: Greg Wilson, Director, Government Relations (B.C.), Retail Council of Canada at +1 (604) 736-0368/1-800-663-5135 or [email protected].