Published 13 days ago

Higher tobacco and vaping taxes offsets drug plan spending in federal budget

The government plans to increase excise taxes on cigarettes and vaping products, expecting to generate $1.36 billion and $310 million respectively over five years.
These tax increases are often passed on to consumers through higher prices, aiming to encourage smokers to quit.
The tax on cigarettes will rise by $4, in addition to the automatic inflation increase of $1.49, starting Wednesday.

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Global News

Budget 2024: Liberals look to offset drug plan cost with higher smoking, vaping taxes - National

The increased cash flow coincides with the launch of a new $1.5-billion drug plan to offer universal coverage for contraceptive and diabetes medications.

13 days ago·Toronto, Canada

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Winnipeg Free Press

Higher tobacco and vaping taxes offsets drug plan spending in federal budget

OTTAWA – The Liberals expect a new bid to curb smoking rates in the federal budget will generate $1.7 billion in new revenue for the government. Ottawa says it plans […]

13 days ago·Winnipeg, Canada

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Toronto Sun

Higher tobacco and vaping taxes offsets drug plan spending in federal budget

OTTAWA -- The Liberals expect a new bid to curb smoking rates in the federal budget will generate $1.7 billion in new revenue for the government.

13 days ago·Toronto, Canada

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Sask Today

Higher tobacco and vaping taxes offsets drug plan spending in federal budget

OTTAWA — The federal government expects that its latest effort to discourage Canadians from smoking, contained in the federal budget tabled Tuesday, will generate $1.7 billion in new revenue.

13 days ago

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Rocky Mountain Outlook

Higher tobacco and vaping taxes offsets drug plan spending in federal budget

OTTAWA — The federal government expects that its latest effort to discourage Canadians from smoking, contained in the federal budget tabled Tuesday, will generate $1.7 billion in new revenue.

13 days ago

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SooToday.com

Higher tobacco and vaping taxes offsets drug plan spending in federal budget

OTTAWA — The federal government expects that its latest effort to discourage Canadians from smoking, contained in the federal budget tabled Tuesday, will generate $1.7 billion in new revenue.

13 days ago·Sault Ste. Marie, United States

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