Excise Act Review: 8
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Shortly after the release of this paper, officials of the Department of Finance and Revenue Canada will meet with industry associations and representatives to answer their questions concerning the revised excise framework.
The government also welcomes additional comments on its proposal. Interested persons are invited to send written submissions on or before March 14, 1997 to:
Excise Act Review Group
Revenue Canada and the Department of Finance
15th Floor -- East Tower -- 140 O'Connor Street
Ottawa, Ontario
K1A 0G5
Government officials will review the written submissions and will consider possible modifications to the proposed excise system. After reviewing the submissions, officials will be available to meet with interested parties.
The government intends to table a bill for a new excise system for parliamentary consideration in the fall of 1997. In order to meet this target, drafting work on the legislation has begun and will continue through the consultation process.
In addition to tabling the bill, there are a number of other steps involved in implementing the new excise system, including drafting regulations and developing administrative policies and procedures. Consequential amendments to the IILA, Customs Act and Customs Tariff will also be required.
Subject to parliamentary approval, the expected implementation date for the new excise system is July 1, 1998.
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