US EditionOttawa extending 2% alcohol tax hike cap for another 2 years
- The Canadian federal government will extend the 2% cap on annual alcohol tax increases by two more years, until 2028, to help brewers, wineries, and distilleries manage costs.
- The tax cap has been in place since 2023 to limit yearly excise tax increases tied to inflation every April 1 and was initially set to end this year.
- An agreement halving excise taxes on the first 15,000 hectolitres brewed by craft brewers in Canada is also being extended for two years.
- These extensions aim to provide predictability for Canada's alcohol producers amidst global trade and supply disruptions and ahead of the FIFA World Cup in Canada.
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Simcoe.comCanada will keep 2% alcohol tax increase until 2028. Here’s why an advocacy group wants it cut
The Canadian Taxpayers Federation is urging the federal government to trim the annual alcohol tax increases to help brewers, distillers and restaurants fighting to survive in a tough economy.
The federal government is about to extend the annual increase in the alcohol tax by two more years, with the aim of limiting costs for Canadian brewers, winemakers and distillers.
The feds are extending Canada's alcohol tax hike cap for another 2 years
The federal government is set to extend its cap on an annual alcohol tax increase for another two years in a bid to rein in costs facing Canada's brewers, wineries and distilleries.Excise taxes on booze had faced annual increases pegged to inflation on April 1 each year, but the Liberal government has temporarily capped those hikes at 2% since 2023.This was supposed to be the final year for that cap, but a government official who was not authori…
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