The federal government, led by Finance Minister Chrystia Freeland, has announced significant changes to the alcohol excise tax policy, directly impacting Canadian brewers. Initially set to increase on April 1, the national beer tax will now see a reduction, with the excise duty increase capped at 2% for the next two years. This move is part of a broader initiative to provide relief and support to local Canadian brewers, particularly benefiting small craft breweries by cutting taxes. The decision comes ahead of a deadline that would have significantly increased duties on domestic beer, wine, and spirits. The government's aim, as seen in Punjab's Excise Policy for 2024-25, is to collect over Rs 10,000 cr from liquor sales. This policy adjustment is expected to offer substantial support to an industry valued as an integral part of communities across Canada.
But full steam ahead on the Carbon Tax increase. We already pay 20-30% tax on alcohol, our Governments are making off like bandits on it. This announcement is not a win. https://t.co/s6XzWYC7uy
Kanada, 2024: When the Ford government freezes beer taxes it's populist pandering. When the Trudeau government caps beer taxes it's visionary leadership.
Finance Minister Chrystia Freeland says the federal government will cap the annual alcohol excise tax increase on beer, spirits and wine at two per cent for an additional two years. https://t.co/zZ9ga8Hf2F
Canada’s finance minister announced tax relief aimed at the country’s small breweries ahead of a deadline that would have seen certain duties on domestic beer, wine and spirits more than double https://t.co/cufZyh6YS6
Alcohol excise tax on beer, spirits & wine capped at 2% increase for 2 more years, Freeland announces: Tax had been set to rise on April 1 by 4.7%, but Freeland announced on Saturday increase is being capped at the lower rate. https://t.co/a1koN2AzXU
Alcohol excise tax capped at two per cent for two more years, Freeland announces https://t.co/NYaFbtZb4Z
Alcohol excise tax capped at 2 per cent for two more years, Freeland announces https://t.co/z2YRRf5Rpd
Local Canadian brewers are valued parts of communities across our country. Today we’re announcing additional relief and support for Canadian brewers by capping the excise duty increase for two years and cutting taxes for small craft breweries. https://t.co/iqt45MD0Mm
The federal government is reducing its national beer tax that was set to increase on April 1, Finance Minister Chrystia Freeland announced Saturday. READ MORE: https://t.co/zewmuMyt3t https://t.co/zewmuMyt3t
Finance Minister to make announcement on federal beer tax increase https://t.co/mydNO3kCok https://t.co/iAHNp91xpM
Punjab Excise Policy 2024-25 approved! CM Bhagwant Mann govt aims to collect over Rs 10,000 cr from liquor sale https://t.co/GCqLjZLyYR
Calgary craft brewer bracing for increased beer tax https://t.co/G3zviWcOBe https://t.co/mCAw1Ozl4d