Albertans face new and increasing taxes in the new year, with some tax breaks wrapping up or postponed.
Here are some of the changes to expect in 2025:
Vaping tax
A provincial vaping tax will be applied to products starting Jan. 1, in addition to the existing federal tax.
The tax is expected to bring in $18 million in 2025-26.
According to Action on Smoking and Health (ASH) Canada, it will result in people paying roughly 20 per cent more for their vaping products when matched with the federal tax.
Les Hagen, executive director at ASH, believes the tax will help reduce vaping rates among youth in Alberta.
“We know with tobacco products that tobacco tax and price increases are one of the single most effective ways to reduce tobacco use, particularly among youth, because they have limited disposable income,” he said.
“So, we anticipate the same impact with vaping, and there …