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Insolvency court forces Canada’s tobacco companies to reveal financial information.
Next week Justice McEwan of Ontario’s Superior Court will be asked for the sixth time to extend the insolvency protection orders under which Canada’s 3 main tobacco companies are maintaining “business as usual” while trying to negotiate an end to the lawsuits filed against them. In most respects, there appear to be no new developments in…
A Canada Day holiday – and the start date for several tobacco control regulations.
Health Authorities have a tendency to use the first days of January and July as the moment when regulations come into force. And so it is that this week a number of changes to the tobacco and vaping regulations are taking effect. Links to more detailed fact sheets are at the bottom of this post. Federal…
How cheap will vaping products get before we see price as part of the youth vaping problem?
A price war is underway among the four main manufacturers of the pod-style vaping products that are sold in convenience stores. Over the fall, each of the companies which sell these JUUL-type products has reduced its retail and/or on-line prices. The cost of a tellingly-labelled “starter kit” for JUUL imitators (Logic and Vype) is now…
The First Four Years: The legislative review of the Tobacco and Vaping Products Act.
May 23, 2022 marks four years since Royal Assent was given to the legislation that turned the Tobacco Act into the Tobacco and Vaping Products Act. On that day, the Minister of Health is obliged by law to submit to both the Senate and the House of Commons a report on the “review of the provisions and operation of this…
An update on tobacco sales and tax revenues in Canada
This post provides updated information on cigarette sales and tobacco taxes in Canada. Links to Fact sheets with the data reflected in the figures below are provided at the bottom of the post. 1) Total tobacco tax revenues in Canada continue to fall – and more quickly than predicted by tax officials. Overall, tobacco tax revenues…
Calculating the profits of tobacco companies in Canada
How much do tobacco companies make in Canada? Answering that question became more difficult about a decade ago, after all three of the traditional tobacco companies (BAT-Imperial Tobacco Canada, PMI-Rothmans, Benson and Hedges, and JTI-Macdonald) became fully-owned subsidiaries of multinationals and the fourth (Grand River Enterprises) remained a privately held operation. Over the past year,…