Canada, provinces agree on deal to split proposed federal pot tax

East Side Games

11/12/2017 21:05

OTTAWA, Dec 11 (Reuters) - The Canadian government and the 
10 provinces on Monday agreed on a deal on how to split a 
proposed federal tax on the sales of marijuana once the drug is 
legalized, Finance Minister Bill Morneau said. 
    Morneau told reporters that for an initial two years, 75 
percent of the revenue would go to the provinces and 25 percent 
to Ottawa. The government had initially suggested a 50-50 split, 
an idea the provinces rejected on the grounds it was not enough 
to help cover the extra costs of enforcing the new rules once 
they come into effect next July. 
 
 (Reporting by David Ljunggren; Editing by Chris Reese) 
 ((david.ljunggren@thomsonreuters.com; +1 613 235 6745; fax +1 
613 235 5890; Reuters Messaging: 
david.ljunggren.reuters.com@reuters.net)) 
 
Keywords: CANADA CANNABIS/