Understanding the 24% Wholesale Tax and How It Affects Your Prices at Northern Specialty Health

When you shop at Northern Specialty Health, you might notice a slight increase in product prices. This change is linked to a new 24% wholesale tax that we now pay on the products we stock. While this tax affects our costs, we want to explain clearly how it impacts you as a customer and what you can expect when shopping with us.

What Is the 24% Wholesale Tax?

The 24% wholesale tax is a tax applied to the wholesale purchase price of products before they reach the retail level. This means that when we buy products from suppliers, we pay an additional 24% tax on those wholesale prices. Unlike sales tax, which customers pay at checkout, this tax is charged to us as the retailer.

Because this tax is part of our cost of goods, it influences the prices we set for products in our store. We absorb this tax upfront, and it is not shown as a separate line item on your receipt.

How the Wholesale Tax Differs from Sales Tax

You might wonder how this wholesale tax compares to the sales tax you see on your receipt. At Northern Specialty Health, customers continue to pay the usual sales taxes of 6% and 10% excise tax. These taxes are included in the final price you see on the shelf, so there are no surprises at checkout.

The key difference is:

• Wholesale tax (24%): Paid by us when we buy products from suppliers. It is built into the product price.

• Sales tax (6%): Paid by you at the point of sale, included in the shelf price.

• Excise tax (10%): Paid by you at the point of sale, included in the shelf price.

  
  

Northern Specialty Health receipt shown on a bag of products

Why Prices Will Increase Gradually

To manage the impact of the new wholesale tax, Northern Specialty Health stocked up on inventory before the tax took effect. This means we purchased many products at the old wholesale prices without the 24% tax. As a result, the price increases will happen gradually as we sell through existing stock and bring in new products.

This approach helps us avoid sudden price jumps and gives customers time to adjust. You may notice that some products remain at previous prices for a while, while others will reflect the new costs sooner.

What This Means for Your Shopping Experience

Here’s what you can expect when shopping at Northern Specialty Health:

• Slightly higher prices over time: New products will reflect the wholesale tax cost, so prices may be a bit higher than before.

• No unexpected taxes at checkout: The 24% wholesale tax is included in the shelf price, so your receipt will only show the usual 6% or 10% sales tax which is also included in the shelf price.

• Transparent pricing: We include all taxes in our prices to avoid surprises and make budgeting easier for you.

• Consistent quality and service: Despite the tax changes, we remain committed to offering quality products and excellent customer care.

  
  

Examples to Illustrate the Impact

Imagine a product that cost us $100 wholesale before the tax. With the 24% wholesale tax, the cost becomes $124. To cover this, the retail price will increase accordingly.

• Before tax: Wholesale price $100

• After tax: Wholesale price $124

  
  

Because we include all taxes in the shelf price, you will see the final price, not the tax breakdown. This helps you understand the total cost upfront.

How We Support Customers Through This Change

We understand that price changes can be frustrating. Northern Specialty Health is committed to:

• Keeping price increases as small as possible

• Offering promotions and discounts when possible

• Providing clear communication about pricing changes

• Maintaining product availability and quality

  
  

Our goal is to make this transition smooth and keep your shopping experience positive.

What You Can Do as a Customer

To make the most of your shopping experience during this period:

• Plan purchases: Stock up on products you use regularly before prices increase.

• Watch for sales: Take advantage of discounts and promotions. (Early Bird and Happy Hour)

• Ask questions: Our staff is ready to explain pricing and help you find the best options.

• Stay informed: Follow updates from Northern Specialty Health about product availability and pricing.

  
  

Final Thoughts on the Wholesale Tax Impact

The 24% wholesale tax affects how we price products at Northern Specialty Health. While it leads to gradual price increases, we include all taxes in our prices to keep your checkout simple and transparent. By stocking up ahead of time, we are managing the impact carefully to avoid sudden changes.