Stock Up and Save Before Ontario’s New 2024 Vape Tax!
All vaping products stamped on or after July 1, 2024, and intended for sale in Ontario must carry an Ontario-specific vaping excise stamp. Effective October 1, 2024, Ontario vape tax regulations require that all e-liquid-based products sold in the province include this excise stamp.
The 2024 budget proposes increasing the federal tax on vape products by 12 percent across Canada, allowing provinces like Ontario to match that hike. This means the Ontario vape tax will affect how much you spend on each millilitre of vaping substance.
What You’ll Pay Per mL with the New Ontario Vape Tax
Starting July 1, 2024, products federally taxed at $1.12 per 2 mL will also be subject to the Ontario vape tax at $1.12 per 2 mL. When the provincial tax is enacted on October 1, the total excise tax on vaping products will be $2.24 per 2 mL for the first 10 mL vaping liquid.
Did You Know?
- The average Canadian vaper consumes about 100 mL of e-liquid per month.
- With the new Ontario vape tax, a typical 60 mL bottle could cost $13.44 more in taxes!
This means your favourite 60 mL e-liquid that costs $30 today could increase by 45%, depending on the product and vendor. It’s like seeing your morning coffee price go up by half overnight due to new taxes!
Save Big at VapeMeet Before the Ontario Vape Tax Hits!
Don’t wait for the Ontario vape tax to take a bite out of your budget. At VapeMeet, we’ve got a huge blowout sale where you can save up to 25% off select products. This is your chance to get top vape brands and devices at prices before the tax hike.
By taking advantage of this sale, you can beat the Ontario vape tax and avoid paying higher prices. Stock up now because once October hits, those vape products will cost more, thanks to the combined Federal and Ontario vape taxes.
Tips to Save Before and After the Ontario Vape Tax
While the new Ontario vape tax is unavoidable after October, there are still ways to minimize the impact on your wallet. Here are some tips to help you save:
1. Stock Up Before October 1, 2024
Avoid the provincial tax altogether by purchasing your favourite vape products early.
2. Take Advantage of VapeMeet’s Blowout Sale
With up to 25% off, you can save even more before the price hike due to the Ontario vape tax.
3. Buy Larger Bottles
After the Ontario vape tax takes effect, buying larger quantities may help reduce the amount of tax you pay per mL.
4. Keep an Eye Out for Future Sales
VapeMeet will continue offering deals, so stay tuned to their promotions even after the Ontario vape tax kicks in.
Frequently Asked Questions (FAQ)
Q: When does the Ontario vape tax come into effect?
A: The Ontario vape tax starts on October 1, 2024. After that date, all vape products in Ontario will be subject to both federal and provincial excise taxes.
Q: How much will the new Ontario vape tax add to my purchase?
A: The Ontario vape tax will add $1.12 per 2 mL, on top of the federal tax of $1.12 per 2 mL, making it a total of $2.24 per 2 mL. For example, a 60 mL bottle of vape juice could see a $13.44 increase just in taxes.
Q: Are there ways to avoid paying the extra Ontario vape tax?
A: Yes! Stock up on vape products before October 1, 2024, to avoid the new provincial tax. You can also take advantage of VapeMeet’s blowout sale for extra savings on top brands before the tax hike.
Q: Will all vape products be affected by the Ontario vape tax?
A: Yes, all vaping products intended for sale to consumers in Ontario will be subject to the new provincial tax, including e-liquids, pods, and devices that contain nicotine.
Shop Smart and Save at VapeMeet.ca!
Whether you’re stocking up now or preparing for the new Ontario vape tax, VapeMeet has you covered. Don’t let the upcoming tax increase catch you off guard. Visit VapeMeet.ca today to save big before the prices go up!