Cannabis Tax Intel

McCarthy Tétrault LLP: Canada: 2019 Canadian Federal Budget Commentary – Tax Initiatives

Canada: 2019 Canadian Federal Budget Commentary – Tax Initiatives Last Updated: April 1 2019 Article by Douglas Cannon, Nicolas Désy, Christopher Falk, Nigel Johnston, Patrick McCay, Stefanie Morand, Robert Nearing, Fred Purkeyand Justin Shoemaker McCarthy Tétrault LLP Cannabis Taxation New Product Classes In December 2018, the Government released draft regulations containing the framework for the production and sale of the following new classes of […]

Cannabis Tax Intel

Canada’s National Budget. Borden Ladner Gervais – Overall Budget Report Includes Some Comments On Cannabis Sales & Excise Tax Measures

Sales and Excise Tax Measures NewClasses of Cannabis Products: Edibles, Extracts, and Topicals Edible cannabis, cannabis extracts and cannabis topicals will soon be legalized for recreational sale. Cannabis excise duties are currently calculated either as a flat-rate tax, calculated based on a cannabis product’s weight/quantity at the time of packaging, or by an ad valorem rate, calculated […]