The Convenience Industry Council of Canada says the provincial government’s decision not to increase taxes on tobacco, vaping products or motor fuel in the 2022 budget is “a step in the right direction.”
Mike Hammoud, Vice President Atlantic of the Council, says it’s clear that both businesses and residents were looking for relief from the “crazy inflationary increases in everyday costs.”
He says they recognize the difficult position the government is in, trying to deliver relief while simultaneously bringing down the provincial deficit.
Hammoud says motor fuel retailers, many of whom are convenience store operators, are optimistic about the upcoming tourism season, noting that they are hopeful that the “Come Home Year” will drive more visitation and traffic.
Newfoundland and Labrador still has the highest tobacco tax rate among all provinces.