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Alcohol Excise Duty Update

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anthony9
Posts: 104
Joined: Fri Dec 02, 2022 9:00 pm

Alcohol Excise Duty Update

Post by anthony9 »

From the government: https://www.canada.ca/en/department-fin ... elief.html

CTV: https://www.ctvnews.ca/politics/alcohol ... wo%20years.

From the public broadcaster: https://www.cbc.ca/news/politics/alcoho ... -1.7139374


Excerpt from government:

The government is proposing to:

For two additional years, cap the inflation adjustment at two per cent for beer, spirit, and wine excise duties; and,

For two years, cut by half the excise duty rate on the first 15,000 hectolitres of beer brewed in Canada, to provide the typical craft brewery with up to $86,952 in additional tax relief in 2024-25.

Effective for two years starting on April 1, 2024.

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