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

West Shore RCMP catch thieves in the act in Colwood

Thieves were trying to steal a utility trailer from the driveway of a home

FISHING ADVENTURES: Winter fishing starts to pick up

Crabbing in Sooke Harbour continues to be good with large male Dungeness around

Sooke girls volleyball squad places seventh at Island tourney

Dawn Gibson Sooke News Mirror The EMCS senior girls volleyball team made… Continue reading

Premier asks for re-do on Highway 14 study

A study on Highway 14 improvement has been delayed for a second… Continue reading

Sooke Philharmonic Orchestra celebrates 20th anniversary

Norman Nelson founded the orchestra in 1997

Victoria’s Gingerbread Showcase on full display

Donate to place a vote for the people’s choice winner and support Habitat For Humanity

Wet weather expected for much of coastal B.C.

The Weather Network is calling for up to 200mm of rain to fall in some areas of the South Coast and Vancouver Island

B.C. reporter reflects on covering Charles Manson

Charles Manson, leader of a murderous cult, died on Sunday at 83

Running back propels Spectrum Thunder into first Subway Bowl final

Brandon Robbins scores hat trick of touchdowns

ICBC overbilling for crash repairs not the problem, dealers say

Collision repair shops reject union claim of inflated costs

B.C. groups to address child sex abuse in sports

viaSport is organizing a full day of education in association with Canadian Centre for Child Protection and the Coaching Association of Canada.

Report sets exercise guidelines for young kids, including ‘tummy time’ for babies

Kids aged one to four should get at least three hours of physical activity throughout the day

Stampeders return to Grey Cup with 32-28 win over Edmonton Eskimos

The Stampeders will face the Toronto Argonauts next Sunday in Ottawa for the title

Nebraska approves TransCanada’s Keystone XL pipeline

Nebraska’s Public Service Commission approved TransCanada’s Keystone XL route in a close vote

Most Read