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 two per cent since 2023.
This was supposed to be final year for that cap, but a government official who was not authorized to speak about the announcement before it’s made public told The Canadian Press that Ottawa is set to renew the cap through to 2028….