Form B273 Excise Return - Cigarette Inventory Tax - Canada

Form B273 Excise Return - Cigarette Inventory Tax is used in Canada to report and pay the tax on the inventory of cigarettes held at the end of each month by manufacturers, importers, and wholesalers.

In Canada, the person or business responsible for paying the cigarette inventory tax must file the Form B273 Excise Return.

FAQ

Q: What is Form B273?
A: Form B273 is an excise return used to report and pay cigarette inventory tax in Canada.

Q: What is excise tax?
A: Excise tax is a type of tax imposed on certain goods, such as cigarettes, alcohol, and gasoline.

Q: What is cigarette inventory tax?
A: Cigarette inventory tax is a specific tax on the inventory of cigarettes held by wholesalers or retailers.

Q: Who needs to file Form B273?
A: Wholesalers or retailers of cigarettes in Canada need to file Form B273.

Q: What information is required on Form B273?
A: Form B273 requires information such as the quantity of cigarettes in inventory, wholesale cost, and tax payable.

Q: When is Form B273 due?
A: Form B273 is due on a monthly basis, generally by the 28th day of the following month.

Q: What happens if I don't file Form B273?
A: Failure to file Form B273 or pay the cigarette inventory tax may result in penalties and interest charges.

Q: Can I e-file Form B273?
A: Currently, electronic filing is not available for Form B273. It must be filed in paper format.

Q: Who should I contact for more information?
A: For more information about Form B273 and the cigarette inventory tax, you can contact the Canada Revenue Agency.