Budget and Economic Statement Implementation Act, 2007 (S.C. 2007, c. 35)

Assented to 2007-12-14

2002, c. 22Excise Act, 2001

Amendments to the Act

Marginal note:2006, c. 4, s. 34(1)
  •  (1) The portion of the definition “taxed tobacco” in section 58.1 of the Excise Act, 2001 before paragraph (a) is replaced by the following:

    “taxed tobacco”

    « tabac imposé »

    “taxed tobacco” of a person means cigarettes, tobacco sticks, loose tobacco and cigars, in respect of which duty has been imposed under section 42 before January 1, 2008 at a rate set out in paragraph 1(b), 2(b) or 3(b) of Schedule 1 or in section 4 of that Schedule, as those provisions read on December 31, 2007, and that, at the beginning of January 1, 2008,

  • (2) Subsection (1) comes into force, or is deemed to have come into force, on January 1, 2008.

Marginal note:2006, c. 4, s. 34(1)
  •  (1) Paragraphs 58.2(a) to (d) of the Act are replaced by the following:

    • (a) 0.295 cent per cigarette;

    • (b) 0.275 cent per tobacco stick;

    • (c) 0.195 cent per gram of loose tobacco; and

    • (d) 0.19 cent per cigar.

  • (2) Subsection (1) comes into force, or is deemed to have come into force, on January 1, 2008.

Marginal note:2006, c. 4, s. 34(1)
  •  (1) Section 58.3 of the Act is replaced by the following:

    Marginal note:Exemption for small retail inventory

    58.3 Tax under this Part in respect of the inventory of all taxed tobacco of a person that is held at the beginning of January 1, 2008 at a separate retail establishment of the person is not payable if that retail establishment holds inventory of 30,000 or fewer units.

  • (2) Subsection (1) comes into force, or is deemed to have come into force, on January 1, 2008.

Marginal note:2006, c. 4, s. 34(1)
  •  (1) Subsection 58.5(1) of the Act is replaced by the following:

    Marginal note:Returns
    • 58.5 (1) Every person liable to pay tax under this Part shall, on or before February 29, 2008, file a return with the Minister in the prescribed form and manner.

  • (2) Subsection (1) applies to tax that a person is required to pay under section 58.2 of the Act after December 31, 2007.