Alberta launches new taxes in 2025 [Video]

Despite the end of holiday shopping, many Alberta wallets will still be feeling the pinch in the coming months.

Multiple new taxes and tax increases, both provincial or federal, are set to kick in this year.

The Alberta provincial vape tax came into effect on New Year’s Day, bringing the province in line with the federal tax placed on vaping products two years ago.

According to Action on Smoking and Health Canada (ASH), the new tax will add about 20 per cent to the cost of vaping products. It is expected to bring in $18 million in provincial revenue this year.

“We’re pleased with the tax increase, and it’s definitely going to help keep kids out of the vaping market and to keep kids nicotine-free,” said Les Hagen, ASH executive director.

Hagen said the most recent data shows 300,000 school-aged youth have used vaping products in the last month.

“That’s …