Canada Imposes New Cigar Taxes
Hoard ‘em if you got ‘em. Starting Wednesday, the federal government is hiking the excise duty – essentially, an additional federal tax — on tobacco products by nearly 24%. according to the Toronto Sun
The tax across Canada ranges from from $18.50 to $22.89 per 1,000 cigars in inventory for Canadian retailers. This most likely will lead to a general price increase across the country and the very first sentence of the article instructs Canadians to buy more cigars now before the tax is implemented.
Canada.Com is predicting an increase in contraband sales as the tax might make some products too expensive for many individuals.
Even so-called “duty free” tobacco won’t be spared from the tax hike and will now face the same federal excise taxes as smokes and manufactured tobacco for sale in the domestic market.
Best Cigar Prices does sell to Canada, the procedure to do such is outlined here as international orders do require a few minor additional steps.
You’ll be making a wise choice purchasing and stocking your humidor now before the tax sets in, which is coming very soon.