Canadian craft alcohol producers are hoping excise tax changes are brewing in the federal finance minister's office.
Industry representatives say craft producers need relief from excise duties, which went up automatically on Friday forA finance committee report on the upcoming budget recommends the government adopt a system similar to the one in the United States to help small Canadian distillers and other craft alcohol producers compete in Canada and abroad.industry was happy to see that - one of only four changes the committee recommended to personal and consumption taxes.
The situation is similar in Canada, Dalmazzi said, where about 1,000 of the 1,200 craft breweries produce less than 2,000 hectolitres per year. Extra costs are also coming in June for producers of 100 per cent Canadian wine, who will no longer be exempt from excise duties for the first time in 16 years.
She said the industry wants that program extended for another 10 years, “so that we have some certainty for the future.”COVID-19 has already caused a great deal of uncertainty for the roughly 700 wineries in Ontario, Quebec, B.C. and Nova Scotia, which rely heavily on tourism. Finance Minister Chrystia Freeland's office did not respond to a question about the finance committee's recommendation to change excise taxes.
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