From: AlanBaggett@volcanomail.com   
      
   How Canada Might Achieve 0% Tax On Cannabis :CRA SOTW    
      
   February 20, 2016    
   By Dan Culberson Bedrocan    
      
   Canada, a legal Canadian medical marijuana grower and a subsidiary of the   
   publicly traded Canopy Growth Corporation (TSX.V:CGC), recently announced that   
   its license in Canada was renewed, but the real news might be the fight it's   
   putting up to sell    
   medical marijuana without tax.    
      
   The company, which also recently dropped prices of its whole flower cannabis   
   strains to just $5 per gram, has created a petition, which it says will be   
   presented before the Canadian parliament soon. The petition, which follows a   
   letter writing campaign    
   to Canadian politicians, calls for taxes to be removed from medical marijuana   
   completely.     
      
   The Canada Revenue Agency, a colder, the more northern version of America's   
   IRS, ruled last fall that medical marijuana could be claimed as a medical   
   expense for income tax purposes, but patients are still required to pay   
   provincial and federal sales tax    
   on it.    
      
   Curiously, Canada's tax act does exclude medications that are not available   
   "over the counter," but this has not been applied to cannabis, which is only   
   available to those with a valid medical cannabis authorization from their   
   healthcare provider.    
      
   In September 2014, National Post reports Canadian Justice Campbell Miller, in   
   a ruling, has already said medical cannabis was "more akin to an   
   over-the-counter drug than a drug acquired by prescription, " so the the   
   petition may be a bit of a long shot. "   
   We are committed to advocating for patient issues, and ensuring that the   
   patient's voice does not get lost as a framework for non-medical cannabis is   
   established," said Bruce Linton, Chairman and CEO of Canopy Growth. "Our   
   commitment to affordability    
   dates back to May 2014 when we filed a request for review of this rule by the   
   Canada Revenue Agency. This latest petition reflects our ongoing commitment to   
   advance the issue of affordability however we can.    
      
   The pro-legalization government of Justin Trudeau, as yet, has not publicly   
   responded to the petition, but they have agreed to respond to petitions   
   presented in the House within 45 days.    
      
   ----------------------------------------------------------    
   Miss a Tax Tale Miss a lot!    
   Visit the CRA SOTW Library at http://canada.revenue.agency.angelfire.com    
   ------------------------------------------------------------    
   Alan Baggett - http://www.taxcollectorsbible.com/ - Tax Collector's Bible   
      
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