Tobacco Giants to Pay $32.5 Billion in Historic Canadian Settlement
The agreement aims to resolve decades of litigation over health impacts, benefiting provinces, territories, and affected smokers.
- The settlement involves JTI-Macdonald Corp., Rothmans, Benson & Hedges, and Imperial Tobacco Canada, who will compensate for health-related claims.
- Approximately $24.8 billion is designated for healthcare systems across provinces and territories, while $4.2 billion is allocated to Quebec plaintiffs.
- Eligible smokers in Quebec may receive up to $100,000 each, with additional funds available for those diagnosed between 2015 and 2019 elsewhere in Canada.
- The proposed plan requires approval from claimants and the court, with initial payments expected to begin in early 2025.
- A national foundation will receive $1 billion to combat tobacco-related diseases, marking a significant public health investment.