Feds propose legal weed tax of at least $1 per gram

If you plan to buy legal marijuana next year get ready to be taxed

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 today, will be available for public comment until Dec. 7 as Canada prepares to legalize the drug by next summer.

RELATED: John Horgan blasts Ottawa’s marijuana tax grab

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.

The taxes would be levied on both on fresh and dried marijuana, pot-infused oils and seeds and seedlings used for home cultivation.

RELATED: Five Things to consider about the Liberal government’s plan to legalize pot

The 50-50 tax revenue split idea has already rankled some premiers who say their governments have to do the bulk of the heavy lifting on legalization, including policing, distributing and regulating the sale of marijuana.

RELATED: Province, Feds see lots of work ahead of marijuana legalization

The Canadian Press

Just Posted

B.C. freestyle skier wins gold

Cassie Sharpe of Comox shines in the halfpipe

22 teams compete in Sweetheart Curling Bonspiel

From February 9 to 11, the Sparwood Curling Club hosted it’s annual… Continue reading

Political theatre shines light on womens issues

The Vagina Monologues returned to Fernie last weekend for the second time,… Continue reading

Local rink heading to curling provincials

The Mens Masters East-West playdown took place in Sparwood from February 2-4.… Continue reading

Kootenay East MLA reacts to Throne Speech

Tom Shypitka says speech falls short of intended mark.

VIDEO: Traffic-sign abiding Fernie deer caught on tape

A herd of deer in Fernie, B.C. is getting attention online after stopping for a stop sign

How to keep local news visible in your Facebook feed

Facebook has changed the news feed to emphasize personal connections. You might see less news.

Canadians find living in small spaces teaches creativity

Canadian families choosing to live in small spaces to bring closeness to children

NDP Health Minister calls to offer woman seat on Interior Health Board

Joyce Beddow-Buckland of Ashcroft was surprised by the call, and accepted the offer.

SAR suspends search for missing man at Sun Peaks

RCMP will continue to search for a missing man near Kamloops but SAR has suspended their role

Lottery will help save children’s lives

Each ticket gets you a chance to win a lot of money, while helping a lot of kids

B.C. RCMP officer officially cleared in car wash shooting incident

A report found the Salmon Arm officer fired 14 bullets at the man’s truck

Interest in Canadian Armed Forces remains high

Canada seeks about 5,000 recruits each year for its regular forces of about 68,000

Rules reviewed to keep drug money out of B.C. real estate

Investigator looking at loans as well as casinos, David Eby says

Most Read