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

Man, 21, accused of impersonating a police officer

Arrest warrant issued for Surrey man after two women in a vehicle in Langley chased by fake cop car

Car set ablaze in Langley City

Suspicious fire took place in the early hours on Tuesday

Clayton Community Farmer’s Market set to start this summer

Vendors, buskers, food trucks and volunteers welcome to apply

Centenarian and then some: Dorscie Paterson set to turn 105

Longtime Langley resident continues to advocate passionately for hospice care in community

Wagner pots three, Trappers ground Pilots

Three goals from Nicholas Wagner helps Langley return to win column

UPDATED: SUV fire at Langley mall (with video)

Firefighters respond to Fraser Highway incident

WestJet appeals lost bid to scrap harassment lawsuit

Airline argues judge was wrong to have dismissed the company’s application to strike the legal action

Can U.S. border guards search your phone? Yes, and here’s how

Secretary of homeland security explains a new policy that let’s border guards check phones

‘Beautiful writer’ Nancy Richler dies of cancer in Vancouver hospital

Montreal-born author spent most of her adult life in B.C. as a fiction writer and novelist

B.C. commuters vote to rename bus service to ‘Jeff’

The company asked and the people of Facebook answered

Students frustrated by UBCO response to harassment allegations

Students on the Kelowna campus were unaware of resources and worried about lack of communication

Aldergrove Kodiaks take beating

Aldergrove Kodiaks took a beating in their first period against Richmond Sockeyes Wednesday night

Sexsmith set to suit up for Giants

Vancouver signs ninth overall pick in 2017 WHL bantam draft

Women’s March Canada Fraser Valley slated for Saturday morning

It’s a march for women’s rights and social justice for the most marginalized

Most Read