Excise Act, 2001

Marginal note:Imposition of tax — 2017 increase

• 58.2 (1) Subject to section 58.3, every person shall pay to Her Majesty a tax on all taxed cigarettes of the person held at the beginning of March 23, 2017 at the rate of $0.00265 per cigarette.

• Marginal note:Imposition of tax — 2018 increase

  (1.1) Subject to section 58.3, every person shall pay to Her Majesty a tax on all taxed cigarettes of the person held at the beginning of February 28, 2018 at the rate of $0.011468 per cigarette.

• Marginal note:Imposition of tax — 2021 increase

  (1.2) Subject to section 58.3, every person shall pay to Her Majesty a tax on all taxed cigarettes of the person held at the beginning of April 20, 2021 at the rate of $0.02 per cigarette.

• Marginal note:Imposition of tax — 2024 increase

  (1.3) Subject to section 58.3, every person shall pay to His Majesty a tax on all taxed cigarettes of the person held at the beginning of April 17, 2024 at the rate of $0.02 per cigarette.

• Marginal note:Imposition of tax — inflationary adjusted years

  (2) Subject to section 58.3, every person shall pay to Her Majesty a tax on all taxed cigarettes of the person held at the beginning of April 1 of an inflationary adjusted year at a rate per cigarette equal to

  • (a) in the case of cigarettes in respect of which duty has been imposed under section 42, the amount determined by the formula

    (A – B)/5

    where

    A

    is the rate of duty applicable under section 1 of Schedule 1 for each five cigarettes on April 1 of the inflationary adjusted year, and

    B

    is the rate of duty applicable under section 1 of Schedule 1 for each five cigarettes on March 31 of the inflationary adjusted year; and

  • (b) in the case of cigarettes in respect of which duty has been imposed under section 53, the amount determined by the formula

    C – D

    where

    C

    is the rate of duty applicable under paragraph 1(a) of Schedule 3 per cigarette on April 1 of the inflationary adjusted year, and

    D

    is the rate of duty applicable under paragraph 1(a) of Schedule 3 per cigarette on March 31 of the inflationary adjusted year.

• Marginal note:Rounding

  (3) The amount determined under paragraph (2)(a) or (b) is to be rounded to the nearest one-hundred-thousandth or, if the amount is equidistant from two consecutive one-hundred-thousandths, to the higher one-hundred-thousandth.