Alcohol Excise Duty Update
Posted: Sat Mar 09, 2024 11:05 pm
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.
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.