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Taxation of Cannabis September 26 , 2018. Agenda. 1. Various Type of Tax. 2. Who is responsible. 3. What you need to be aware of. 4. Q & A. Various Type of Tax - Overview. Federal & Provincial Taxes Excise Tax Sales Tax Income Tax. Who is Responsible.
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Taxation of Cannabis September26, 2018
Agenda 1 Various Type of Tax 2 Who is responsible 3 What you need to be aware of 4 Q & A
Various Type of Tax - Overview • Federal & Provincial Taxes • Excise Tax • Sales Tax • Income Tax
Who is Responsible • Licensed Producer to Provincially Approved Distributor – Excise Tax & Sales Tax • Provincially Approved Distributor to Customer – Sales Tax
What you need to be aware of • Registration • Stiff fines and penalties • At risk of losing licenses • Personal liability
Panel discussion Question & answer #pwccanada
Thank you This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors. PwC refers to the Canadian member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please seewww.pwc.com/structure for further details.