The Canadian Revenue Agency says it has had to write off millions of dollars in unpaid taxes owed by cannabis dealers.
The information was part of a response to Conservative MP Tako van Popta’s questions about how many in the cannabis industry owed tax, as first reported by Blacklock’s Reporter.
The Canadian Revenue Agency (CRA) responded to the questions in writing in September, and the response was submitted to the House of Commons on Nov. 18.
In it, the CRA said more than $4 million has been lost to cannabis companies that cannot pay the excise tax.
“To effectively manage the volume of outstanding debt, the CRA may administratively deem certain debts as uncollectible when it confirms that all avenues of collection have been pursued and exhausted,” it said in the document. “Since the inception of the Excise Tax on cannabis, and up to September 21, 2024, a total of $4,718,514 has been written off as uncollectible.”…