Illegal Tobacco Trade Drains $2.5 Billion From Canadian Coffers: Imperial Tobacco

Illegal Tobacco Trade Drains $2.5 Billion From Canadian Coffers: Imperial Tobacco
A smoker holds a cigarette in a file photo. Justin Sullivan/Getty Images
William Crooks
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Imperial Tobacco Canada says tobacco smuggling now results in billions of dollars in lost tax revenue every year for Canada, marking the highest estimate to date of the cost of illegal cigarettes.

Smuggled cigarettes account for nearly 40 percent of the tobacco market in some provinces, according to the company’s submission to the Senate National Finance Committee.

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