Thank you, Lindsay.
Thank you, Mr. Chair and good afternoon.
My name is Jack Glick and I'm a senior policy adviser in the excise policy section of the Department of Finance.
Part 2 of Bill C-32 implements measures announced in budget 2022 regarding the taxation of cannabis products. In particular, amendments in the bill permit certain smaller licensees to remit excise duties on a quarterly rather than monthly basis, while other amendments are of a more technical nature. Those include permitting the transfer of packaged but unstamped cannabis products between licensees. The quarterly remittances have been administered by the CRA beginning on April 1 of this year, while the remaining amendments would come into force upon royal assent.
Part 2 also brings forward amendments to the framework for the taxation of vaping products, which was introduced in budget 2022 and already implemented via the budget implementation act, 2022, No. 1. These vaping-related measures provide for more clarity on markings and custom storage rules and on excise duty liabilities for these goods. The modifications proposed are largely technical in nature and would allow the CRA and the CBSA to ensure proper administration of the vaping product taxation regime. The proposed amendments in these respects would be retroactive to October 1, 2022, which was the coming into force date of the overall taxation framework for vaping products. We've previously consulted the public on both the cannabis and vaping-related frameworks and the specific measures noted above.
I look forward to any questions you might have, and I'll turn it over to my colleague for part 3.