Some Saskatchewan vape store owners fear that the new 20% tax on vape products introduced in the 2021-22 budget, will deter smokers from using the safer alternatives.
The vapour products tax (VPT) on the retail price of all vapour liquids, products and devices will become effective September 1st. As of then, only retailers with a VDT licence will be allowed to sell these products across the province.
“It wasn’t a surprise. We kind of expected it to happen based on other provinces implementing a similar tax,” said Mike Smider, Queen City Vapes owner in Regina. “It was only a matter of time before other provinces followed suit, like Alberta is getting their tax. Manitoba’s going to get one as well.”
Smider said the most upsetting part of the tax is the negative impact it will have on those choosing to use vape products over combustible tobacco. “It will deter in some way folks that are interested in this product to utilize as a harm reduction product,” he said. “It’s a product designed by smokers for smokers to help them switch to a less harmful alternative of getting their nicotine. It will deter in a way that will make it a little bit unaffordable, especially for those of lower income.”
Diane Caruana – VapingPost – April 21, 2021.