IMPORTANT_PROVINCIAL VAPING EXCISE TAX - OCT 1, 2024

IMPORTANT_PROVINCIAL VAPING EXCISE TAX ON OCT 1, 2024

New Vaping Excise Tax: New Ontario Excise Tax

Effective October 1, 2024, the Ontario government will implement a new Provincial Vaping Excise Tax, which will match the rate of the Federal Excise Tax. This initiative aims to discourage vaping usage by significantly increasing the cost of ALL E-Liquid containing vape products.

Simply put, the government is doubling the current vape excise tax.

What is the Provincial Excise Tax?

The provincial excise tax is a new tax implemented on vaping products, containing e-liquid, by the Federal government with invitation for provinces to join. Ontario, Quebec, Nunavut, and the Northwest Territories have chosen to participate. This tax will be applied in addition to the new federal excise tax pricing structure on vaping products starting October 1st, 2024.

Alberta, Manitoba, New Brunswick, Yukon, and Prince Edward Island will implement provincial excise tax on January 1st, 2025.

Differences in Federal vs Provincial stamp

Business Compliance

From July 1, 2024, all businesses must apply the revised tax rates to their products or face serious penalties. Detailed guidelines will be provided by the government to ensure businesses follow the new tax regulations. Mango Vapes is a licensed Vaping Retailer and therefore will be in compliance.

You can still purchase Federal Tax product until Sept 30th 2024 regardless of your location.

 

Detailed Cost Outline:

 At Mango Vapes we are dedicated to providing you with the highest quality information in order to help your purchasing decisions. With that in mind, here is a cost breakdown of the new Ontario Provincial Tax.

Vape products containing 0.1mL to 2mL of E-Liquid:

  • Current Federal Excise Tax: $1
  • Updated Federal Excise Tax (12% Increase): $1.12
  • New Provincial Excise Tax: $1.12
  • Total Updated Federal + Provincial Excise Tax (July 1st, 2024): $2.24

Vape products containing 2.1mL to 4mL of E-Liquid:

  • Current Federal Excise Tax: $2
  • Updated Federal Excise Tax (12% Increase): $2.24
  • New Provincial Excise Tax: $2.24
  • Total Updated Federal + Provincial Excise Tax (July 1st, 2024): $4.48

Vape products containing 4.1mL to 6mL of E-Liquid:

  • Current Federal Excise Tax: $3
  • Updated Federal Excise Tax (12% Increase): $3.36
  • New Provincial Excise Tax: $3.36
  • Total Updated Federal + Provincial Excise Tax (July 1st, 2024): $6.72

Vape products containing 6.1mL to 8mL of E-Liquid:

  • Current Federal Excise Tax: $4
  • Updated Federal Excise Tax (12% Increase): $4.48
  • New Provincial Excise Tax: $4.48
  • Total Updated Federal + Provincial Excise Tax (July 1st, 2024): $8.96

Vape products containing 8.1mL to 10mL of E-Liquid:

  • Current Federal Excise Tax: $5
  • Updated Federal Excise Tax (12% Increase): $5.60
  • New Provincial Excise Tax: $5.60
  • Total Updated Federal + Provincial Excise Tax (July 1st, 2024): $11.20

Vape products containing 10.1mL of 20mL E-Liquid:

  • Current Federal Excise Tax: $6
  • Updated Federal Excise Tax (12% Increase): $6.72
  • New Provincial Excise Tax: $6.72
  • Total Updated Federal + Provincial Excise Tax (July 1st, 2024): $13.44

Vape products containing 20.1mL to 30mL of E-Liquid:

  • Current Federal Excise Tax: $7
  • Updated Federal Excise Tax (12% Increase): $7.84
  • New Provincial Excise Tax: $7.84
  • Total Updated Federal + Provincial Excise Tax (July 1st, 2024): $15.68

Vape products containing 30.1mL to 40mL of E-Liquid:

  • Current Federal Excise Tax: $8
  • Updated Federal Excise Tax (12% Increase): $8.96
  • New Provincial Excise Tax: $8.96
  • Total Updated Federal + Provincial Excise Tax (July 1st, 2024): $17.92

Vape products containing 40.1mL to 50mL of E-Liquid:

  • Current Federal Excise Tax: $9
  • Updated Federal Excise Tax (12% Increase): $10.08
  • New Provincial Excise Tax: $10.08
  • Total Updated Federal + Provincial Excise Tax (July 1st, 2024): $20.16

Vape products containing 50.1mL to 60mL of E-Liquid:

  • Current Federal Excise Tax: $10
  • Updated Federal Excise Tax (12% Increase): $11.20
  • New Provincial Excise Tax: $11.20
  • Total Updated Federal + Provincial Excise Tax (July 1st, 2024): $22.40

As of October 1st, 2024:

  • There will be scheduled maintenance on the website between September 30th night to Oct 1st morning.   
  • The new revamped website will be published on Oct 1st 2024 at 7am and you will notice changes to navigation which separates Federal Products and Ontario Products.
  • Stock level will resume to normal after Oct 1st 2024 with Ontario Stamped Product.
  • Customers outside of Ontario, Quebec, Nunavut, and the Northwest Territories can still purchase Federal Stamp Products after Oct 1st

Conclusion & Tips For Our Customers:

With higher prices due to the Tax, we have provided some proactive steps to lessen its impact:

  • Consider purchasing vape products before the tax implementation date to save money.
  • Keep an eye out for promotions and discounts we offer through this adjustment period of the new tax regime.

These adjustments may have a substantial impact on your purchasing decisions and budgeting. We are committed to helping you navigate through these changes while offering guidance on cost-saving strategies.

We at Mango Vapes appreciate your business and are here to help you with any concerns. Don't hesitate to reach out to us via info@mangovapes.com Thank you for your continued support!

Key Dates & Changes:

  • October 1, 2024: All businesses must sell E-Liquid containing products with Province-specific stamps. Products must only be sold within the designated province.
  • October 1, 2024: RCMP begins enforcement, with severe penalties and criminal charges for non-compliance.