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Archived - Notice of Ways and Means Motion to amend the Excise Act, 2001

That it is expedient to amend the Excise Act, 2001 as follows:

Alcohol Excise Duty

  •  (1) Section 123.1 of the Excise Act, 2001 is amended by adding the following after subsection (2):

    • Marginal note:Adjustment — 2023

      (2.1) In respect of the inflationary adjusted year that is 2023, the description of B in paragraph (2)(a) is deemed to be equal to 1.02.

  • (2) Subsection (1) comes into force or is deemed to have come into force on April 1, 2023.

  •  (1) Section 135.1 of the Act is amended by adding the following after subsection (2):

    • Marginal note:Adjustment — 2023

      (2.1) In respect of the inflationary adjusted year that is 2023, the description of B in paragraph (2)(a) is deemed to be equal to 1.02.

  • (2) Subsection (1) comes into force or is deemed to have come into force on April 1, 2023.

Cannabis Taxation — Quarterly Duty Remittances

  •  (1) Subsection 159(1.01) of the Act is replaced by the following:

    • Marginal note:Fiscal months — vaping product licensee

      (1.01) For the purposes of this Act, the fiscal months of a vaping product licensee are calendar months.

  • (2) Subsection (1) comes into force or is deemed to have come into force on April 1, 2023.

  •  (1) Subsection 159.1(1) of the Act is replaced by the following:

    Marginal note:Reporting period — general

    • 159.1 (1) Subject to this section, the reporting period of a person is a fiscal month.

    • Marginal note:Reporting period — cannabis licensee

      (1.1) The reporting period of a cannabis licensee is a calendar quarter, being a period of three months beginning on the first day of January, April, July or October.

  • (2) Subsection (1) comes into force or is deemed to have come into force on April 1, 2023.

  •  (1) Section 159.2 of the Act is repealed.

  • (2) Subsection (1) comes into force or is deemed to have come into force on April 1, 2023.

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