Close X
Tuesday, November 26, 2024
ADVT 
National

B.C. municipalities want province to share pot tax

Darpan News Desk The Canadian Press, 25 Sep, 2020 09:39 PM
  • B.C. municipalities want province to share pot tax

A group advocating on behalf of municipalities and some First Nations across B.C. wants the province to share its cannabis excise tax revenue.

The Union of B.C. Municipalities president Maja Tait says 99 per cent of the group's 189 members voted in favour of seeking a portion of the revenue this week at a convention.

Tait says municipalities have pushed for access to cannabis-related money five times in recent years because they have long incurred costs around regulating the substance.

The excise cannabis tax is paid by licensed cannabis producers when their products are delivered to a retailer or customer and the federal government retains 25 per cent of the money up to $100 million a year.

The remaining 75 per cent is given to provinces and territories, but some including Alberta, Ontario and Quebec have decided to pass along a portion of the money to municipalities.

The union says B.C. is expected to receive $50 million in revenue from the excise tax in the fiscal 2020-2021 year.

MORE National ARTICLES

Federal deficit hits $148.6B through July

Federal deficit hits $148.6B through July
The result compared with a deficit of $1.6 billion for the same period in the 2019-2020 fiscal year.

Federal deficit hits $148.6B through July

PM 'disappointed' by RCMP mask policy

PM 'disappointed' by RCMP mask policy
The World Sikh Organization of Canada says officers have been placed on desk duty for almost six months, as the RCMP found the N100 mask does not seal with facial hair.

PM 'disappointed' by RCMP mask policy

Forces nears end to long search for rescue planes

Forces nears end to long search for rescue planes
The unveiling at Canadian Forces Base Comox, B.C., follows more than 15 years of controversy and start-stop effort to buy replacements for the ancient Buffalo and older-model Hercules aircraft used by the military to save Canadians every year.

Forces nears end to long search for rescue planes

Mistrial declared in N.L. cop's sex assault trial

Mistrial declared in N.L. cop's sex assault trial
Const. Carl Douglas Snelgrove of the Royal Newfoundland Constabulary was facing his second trial for allegedly sexually assaulting a woman he had driven home in his police vehicle in 2014.

Mistrial declared in N.L. cop's sex assault trial

Corruption charges stayed against Normandeau

Corruption charges stayed against Normandeau
Quebec court Judge Andre Perreault ruled today that there had been unreasonable delays in getting the case to trial.

Corruption charges stayed against Normandeau

Mounties arrest an arson suspect

Mounties arrest an arson suspect
A 26-year-old man from Chilliwack remains in custody on an unrelated warrant of arrest.

Mounties arrest an arson suspect