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WINNIPEG, MB: Cold Turkey Vape Shop, a Manitoba-owned store selling nicotine vapes and supplies in Winnipeg, wants Manitobans to know that the Government of Manitoba plans to introduce a new tax targeting vaping products in 2024. Once implemented, manufacturers and importers of vape products in Manitoba would pay double the current excise tax.
The new provincial excise tax will match the federal excise tax. The current federal excise tax is $1 for every 2 mL for the first 10 mL, then $1 for every 10 mL after that. Once the provincial excise tax has been implemented, importers and manufacturers will pay $2 for every 2 mL for the first 10 mL, then $2 for every 10 mL after. The Government of Manitoba anticipates introducing the tax by July 1st, 2024.
“Consumers can expect to see an increase in the price of vaping products if the plan to double the excise tax goes through,” said a representative for Cold Turkey Vape Shop. “A 30 mL bottle of e-liquid is currently subject to $7 in excise tax; after the change, the same bottle will be subject to $14 in excise tax. Our customers may also notice a new excise sticker on their products once the tax is implemented. Vaping products have a long shelf life, so consumers who want to avoid paying higher prices could consider buying in bulk now.”
Cold Turkey Vape Shop started as a one-shop operation in Winnipeg, dedicated to helping grow the fledgling vape market as an alternative to cigarettes. Today, Cold Turkey has five locations in Winnipeg, with a sixth on the way. It has an online shop offering deliveries throughout Winnipeg and Manitoba and five locations strategically placed throughout Winnipeg to give its customers better access to its stores. For more information, visit www.shopcoldturkey.ca.