NLIS 3
June 8, 2001
(Finance)

Tobacco tax rebate rates lowered in Labrador border zones

Finance Minister Joan Marie Aylward announced that, effective today, June 8, 2001, government has adjusted the tobacco tax rebate rates in Labrador border zones in response to increases in tobacco tax rates in Quebec.

The tobacco tax rebates to retailers in Labrador border zones reduces the effective provincial tax on tobacco in these areas to a level similar to neighbouring communities in Quebec. This enables businesses in these areas to compete on a level playing field.

Quebec has recently raised its taxes on cigarettes and fine cut tobacco. Consequently, the rebate rates are being adjusted to reflect these changes. The rebate rate for cigarettes will be reduced from $15.52 to $14.40 per carton, and the rebate for fine cut tobacco will be reduced from $12.28 to $6.34 per 200 grams.


Media contact: Lynn Barter, Communications, (709) 729-0084.

2001 06 08                                      11:30 a.m.