November 2007 On October 30, 2007, the Government of Canada announced in its Economic Statement that it proposes to amend the Excise Act, 2001, by imposing a tax on certain excise duty-paid tobacco products held in inventory at the beginning of the day on January 1, 2008. This notice provides additional information on this proposed amendment. Any commentary in this notice should not be taken as a statement by the Canada Revenue Agency that these amendments will be enacted in their current form. For purposes of simplicity and consistency, the CRA will be following the same approach used in implementing [More]