By Global News – Nov 9, 2017
Anyone planning to purchase legal marijuana next year better be prepared to pay the taxman as well, to the tune of at least $1 for every gram — plus GST.
The proposed federal tax scheme, announced by the federal government Friday, will be available for public comment until Dec. 7 as Canada prepares to legalize the drug by next summer.
The plan would add an excise tax of $1 per gram or 10 per cent of the final retail price, whichever is higher, with the revenues to be divided equally between Ottawa and the provinces.
GST will be also be applied, so if the retail price of a single gram of pot is $8, consumers would pay a $1 excise tax and $1.17 in GST for a total of $10.17.
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