BC’s finance minister disagrees with proposed split on pot tax revenue

According to Globalnews.ca, by Estefania Duran and Emily Lazatin: The Federal Government proposed Friday a taxation on legal marijuana of $1 per gram or 10 per cent of the final retail price, whichever is higher, with the revenues to be divided equally between Ottawa and the provinces. The federal government is out with its tax scheme for legalized marijuana.

The proposed excise tax would add $1 per gram or 10 per cent to the final retail price charged — whatever’s higher — plus GST, and the revenues would be split equally with the provinces and territories.

READ MORE: Canadians could pay at least $1 per gram in weed tax, plus GST: feds

B.C. Finance Minister Carole James welcomed the federal government’s tax position but said there remain issues around how revenues will be divvied up.

“The majority of costs are borne by the provinces. Whether we’re talking about public education, road safety, and public safety or policing,” said James. “Those are issues that the province is going to have to address, there’s a long list.”

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