The government declared its intention to tax vaping items in the most recent budget in an effort to reduce the health hazards they represent, particularly to young people.

What You Should Know
This excise tax, commonly referred to as a sin tax, will take effect on October 1st, 2022. Targeting the disposable and pre-filled pod markets, the tax rate is $1.00 for every 2 mL with containers holding less vaping fluid than 10 mL. The price would be $5 for the first 10 mL of containers containing more than 10 mL and $1 for each additional 10 mL.

Let's Dissect It

The total excise duty on a 30 mL bottle of vaping liquid would be $7.00 ($5.00 for the first 10 ml and $2.00 for the remaining 20 ml). A tax of $10 would be applied to a bottle of 60 mL, $5 for the first 10 mL and another $5 for each extra mL. Tax for a 120 mL bottle would be $15 in total, $5 for the first 10 mL and $10 for each extra mL.