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The CEO added that about 70% of current cigarette prices are taxes and that because of the existing illegal market, the Canadian government is losing billions in tax revenue per year. “We will always advocate for very high taxation with (traditional) cigarettes,” he said. “We have to pay for the externalities and health impacts that we create — what we don’t want is to go higher than we are today.”
A Bill that would legalize nicotine-containing e-cigarettes
Imperial Tobacco which like the other Big Tobacco companies, has been investing in safer alternatives, supports Bill S-5. This Bill which is currently making its way through Senate, would legalize nicotine-containing vaping products in Canada. “What we want is to sit down with government and look at all nicotine products and reach an agreement on how to treat taxation in a very sustainable way,” said Araya, who on the other hand is against the government’s plan to implement plain and standardized packaging for regular cigarettes.
Spokesperson for Health Canada, Sindy Souffront, explained that as it stands, nicotine containing electronic products require authorization from Health Canada before they can be imported, advertised or sold in Canada. “To date, no such products have been approved,” she said. “Under Bill S-5, manufacturers and importers of a vaping product containing nicotine would not be required to seek Health Canada approval, provided that the product does not make therapeutic health claims.”
Read Further: CTV News