Tobacco giants would pay out $32.5 billion to provinces, smokers in proposed deal

News Room
By News Room 6 Min Read


Three tobacco giants are proposing to pay close to $25 billion to provinces and territories and more than $4 billion to some 100,000 Quebec smokers and their loved ones as part of a corporate restructuring process triggered by a long-running legal battle.

The companies — JTI-Macdonald Corp., Rothmans, Benson & Hedges and Imperial Tobacco Canada Ltd. — filed a proposed plan of arrangement in an Ontario court today after more than five years of negotiations with their creditors.

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