ET/SL 28

November 15, 1995

Bill C-90 an act to amend the Excise Tax Act and the Excise Act received Royal Assent on November 9, 1995. Passage of this legislation gives authority for the sale of Nova Scotia marked product in the province of Prince Edward Island.

As of November 9, 1995, manufacturers were able to ship Nova Scotia marked tobacco products to Prince Edward Island wholesalers. Wholesalers will continue to be eligible to file for rebates in respect of their shipments of black stock or Nova Scotia marked tobacco products to Prince Edward Island retailers in the amount of the difference between the federal excise tax applicable to Prince Edward Island and Nova Scotia.

Manufacturers will have until December 31, 1995 and wholesalers until March 31, 1996 to complete their shipments of black stock tobacco products and convert exclusively to the use of Nova Scotia marked stock.