OTTAWA — Canadians who drink, smoke and rely on public transit will be paying more thanks to changes in the federal budget.
The increased sin taxes are effective Thursday and will put an additional $55 million from tobacco and $30 million from alcohol in government coffers in the 2017-18 fiscal year.
The excise duty rate on cigarettes is increasing to $21.56 per 200 cigarettes from $21.03. For alcohol, the excise duty rates are going up two per cent and starting next year will be adjusted every April 1, based on the consumer price index.
The Liberals are also eliminating the 15 per cent tax credit for commuters who buy a transit pass, a move that will save the government $150 million.
Read full story here: Trudeau Government Hiking Taxes On Smokes, Booze, Pursues Tax Cheats | CTV Atlantic News
