Budget 2024 – Changes to Excise Duty Rates on Tobacco Products

The rates of excise duty on tobacco products are increasing effective April 17, 2024.

The rate increase does not apply to the excise duty on raw leaf tobacco and to the special duty on stamped tobacco products manufactured in Canada and exported.

Effective April 17, 2024, the CRA will collect the increased duty, paid on a voluntary basis, until such time as the amendments become law (that is, until they receive royal assent). Importers and licensees that do not pay the duty in accordance with the new rates as of the date cited above will be required to pay interest on unpaid amounts once royal assent is received.

The news rates of excise duty and rates of special duty are provided in Budget 2024 – Changes to Excise Duty Rates on Tobacco Products