According to Canadian media Acadienouvelle, the Canadian province of New Brunswick announced that it will levy consumption tax on vape products starting from January 1, 2025. This policy is the latest move after the federal government.
New Brunswick Finance Minister Ernie Steeves explained at the unveiling of the 2024-2025 fiscal year budget, “Youth vaping is a major social problem. Nearly 13% of secondary school students Daily use of vapes. Research results show that teenagers are price sensitive, and an increase in price will reduce their willingness to use vapes.”
The new consumption tax standard is that a tax of CAD$1 will be levied on vape products with a capacity or weight not exceeding 2 ml or 2 grams (depending on whether they are e-liquid or solid products); products with a capacity and weight exceeding 2 ml or 2 g, but not exceeding 10 ml or 10 g, an additional CAD$1 excise tax will be charged for each additional 2 ml or 2 g. After the total volume of the product exceeds 10 ml or 10 grams, you only need to pay a consumption tax of CAD 1 for each additional 10 ml or 10 grams.
Therefore, by 2025, if a New Brunswick consumer wants to purchase a 6 ml bottle of vape product, they will need to pay an additional $6 CAD over the original price, of which CAD 3 is the federal excise tax and the other CAD 3 is the Save consumption tax. If he wants to buy 15 grams of product, he will need to pay a sales tax of 12 Canadian dollars, calculated as 6 Canadian dollars per level of government. Preliminary estimates are that this measure will bring in $1 million in benefits by the end of the fiscal year.
The Canadian Cancer Society welcomes this. Rob Cunningham, principal policy analyst at the Canadian Cancer Society (SCC), said they are pleased to see New Brunswick announce a tax on vaping products, in line with the rest of the country.
“This is a consistent operation method across provinces and localities.” He warned that vapes in the province are too easy to obtain and may lure a large number of teenagers to become dependent on nicotine products.
In this regard, Veehoo vapes will continue to be committed to product safety and compliance, and pay attention to youth health issues. As a brand with rich experience and expertise, Veehoo vapes have always put the health and well-being of users first. They will continue to invest more resources and energy to improve the quality and performance of their products and ensure their safety and reliability.
In addition, Veehoo vapes will also strengthen compliance measures to ensure that its business complies with New Brunswick’s excise tax regulations. They will work closely with relevant agencies to formulate and implement relevant regulations to ensure the legality and safety of products. Veehoo vapes are willing to cooperate with relevant organizations such as the Canadian Cancer Society to work together to solve the problem of youth smoking.
As part of brand development, Veehoo vapes will also actively communicate with consumers and provide relevant information and education to help them make informed choices. They will publicize the correct use and risks of vapes, as well as the health hazards of youth smoking, and encourage adults to use vape products responsibly.
Although New Brunswick’s vape excise tax has had a certain impact on Veehoo vapes’ business, Veehoo vapes remains firmly committed to youth health and compliance development. They believe that by working with regulators, industry groups and consumers, they can meet this challenge and provide safer and more reliable vaping products for teenagers. Veehoo vapes will continue to actively adapt to policy changes and strive to promote the sustainable development of the industry.
When faced with New Brunswick’s vape excise tax policy, Veehoo vapes firmly believe that through compliance and proactive actions, they can contribute to youth health and the sustainable development of the vape industry. They will continue to work with all parties to create a safe and responsible vape market and provide users with high-quality products and services. Veehoo believes that through comprehensive compliance measures and continuous innovation, the vape industry can make positive contributions to social health and public interests.
Tags: Canadian vape tax，Is Canada banning vapes，veehoo vape