Canada presented the Federal Budget 2024, which aims to increase the vaping excise duty rates by 12%

April 16, 2024

Budget 2024 proposes a 12% increase in vaping excise duty rates, equivalent to 12 cents per vape pod in non-participating or 24 cents per pod in participating jurisdictions. This measure, effective July 1, 2024, will be implemented alongside a coordinated taxation regime in Ontario, Quebec, the Northwest Territories, and Nunavut, aiming to boost federal revenues by $310 million over five years starting in 2024-25.

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