Federal Excise Increase and *NEW* Provincial Excise Information

EXCISE TAX INCREASE JULY 1, 2024 

*UPDATE* August 2024

As new Harmonized Excise Tax (HET) gets introduced into our stores you will notice a new YELLOW excise stamp on consumables. We encourage you to take advantage of our sales and save paying the increase for as long as possible. We will operate on a first come basis and will not be able to hold items.

On our website, please pay close attention to the name of the product you are purchasing, as we will have the separate excise taxes on some products while we continue to work through our inventory. These will be listed as separate product listings.

IE. Flavour Beast Level X vs Flavour Beast Level X HET

While we do our best to maintain accurate inventory, we are human, and there may be discrepancies. If you make an online order for a non-HET product and it is sold out we will contact you. We will not honour a HET product for a non-HET price.

Purchasing in dedicated Vape Shops like ours, we will be able to continue with the product offerings and Customer Service you've enjoyed on your vaping journey and we thank you for your continued support.

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On May 8^th 2024, the Federal Government confirmed that the Provincial Excise Tax harmonization has received Royal Assent and will be taking effect as soon as July 1^st 2024. This change applies to the following provinces/territories: Ontario, Quebec, Nunavut, and the Northwest Territories.

Vape retailers will be able to sell through inventory that has only the Federal Excise Tax stamp until September 30, 2024. However, as of July 1, 2024 all products manufactured and intended for sale in the above provinces/territories will be required to have a province/territory specific excise stamp (HARMONIZED EXCISE) applied at the time of final packaging.

This will effectively double the excise tax on all consumable products. Also, beginning July 1^st 2024, the Federal budget announced a 12% increase on the current as well as pending excise tax. The taxes and increases will be combined at the point of sale and a few examples can be found in the table below.

Some examples of the current rate, the Federal increase and Harmonized excise duty rates on vaping products are outlined in Schedule 8 of the Excise Act, 2001 and be as follows:

Tiers	Federal Tax (Current)	Federal Tax 12% Tax Increase (July 1st, 2024)	Provincial Tax (ON, QC, NU, NWT) Including 12% Tax Increase	TOTAL Fed. + Prov. Tax (July 1st, 2024)
0.1mL to 2mL	$1	$1.12	$1.12	$2.24
2.1mL to 4mL	$2	$2.24	$2.24	$4.48
4.1mL to 6mL	$3	$3.36	$3.36	$6.72
6.1mL to 8mL	$4	$4.48	$4.48	$8.96
8.1mL to 10mL	$5	$5.60	$5.60	$11.20
10.1mL to 20mL	$6	$6.72	$6.72	$13.44
20.1mL to 30mL	$7	$7.84	$7.84	$15.68
30.1mL to 40mL	$8	$8.96	$8.96	$17.92
40.1mL to 50mL	$9	$10.08	$10.08	$20.16
50.1mL to 60mL	$10	$11.20	$11.20	$22.40

 

 

Beginning July 1,2024 TCV will only be able to ship any harmonized excise products within Ontario. We are truly sorry to lose so many of our loyal cross country customers, but we are unable carry duplicate products for the various excise stamps across the provinces/territories. We appreciate your understanding.