Budget and Economic Statement Implementation Act, 2007 (S.C. 2007, c. 35)
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Assented to 2007-12-14
PART 14TAX AMENDMENTS TO IMPLEMENT THE 2007 ECONOMIC STATEMENT
Related Amendments as a Result of the GST/HST Rate Reduction
2002, c. 22Excise Act, 2001
Marginal note:2006, c. 4, s. 39(1)
206. (1) Paragraph 3(b) of Schedule 1 to the Act is replaced by the following:
(b) $57.85 per kilogram, in any other case.
(2) Subsection (1) comes into force, or is deemed to have come into force, on January 1, 2008.
Marginal note:2006, c. 4, s. 40(1)
207. (1) Section 4 of Schedule 1 to the Act is replaced by the following:
4. Cigars: $18.50 per 1,000 cigars.
(2) Subsection (1) comes into force, or is deemed to have come into force, on January 1, 2008.
Marginal note:2006, c. 4, s. 41(1)
208. (1) Paragraph (a) of Schedule 2 to the Act is replaced by the following:
(a) $0.067 per cigar, and
Marginal note:2006, c. 4, s. 41(2)
(2) The portion of paragraph (b) of Schedule 2 to the Act before subparagraph (i) is replaced by the following:
(b) 67%, computed on
(3) Subsections (1) and (2) come into force, or are deemed to have come into force, on January 1, 2008.
Application
209. For the purposes of applying the provisions of the Customs Act that provide for the payment of, or the liability to pay, interest in respect of any amount, the amount shall be determined and interest shall be computed on it as though sections 204 to 208 had come into force on January 1, 2008.
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