Liberals Propose Legal Marijuana Tax Of $1 Per Gram, Plus GST
Source: The Huffington Post
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 Friday, 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.