Ontario’s liquor agency is increasing a fee it charges brewers, a move that would boost the cost of beer for all retailers, restaurants and bars in the province.
LCBO to slap 4.4% increase on 'cost of service' levy on all beer, domestic or imported, sold at all outletsOntario PC Leader Doug Ford announced on Monday he would scrap the province's minimum-price laws on alcohol if re-elected, describing the move as 'like a tax break.' Within hours, the LCBO quietly revealed its plan to slap a 4.4% increase on a fee it applies to all beer sold in the province.
Retailers are not obligated to pass on the fee increase to consumers, but if they don't, the hike will eat into their profits. "At a time when supporting local has never been more important in the face of U.S. tariffs, these LCBO fee increases are the wrong move at the wrong time," said Scott Simmons, president of Ontario Craft Brewers, in a statement provided to CBC News.He is calling on all parties in the election campaign to commit to reversing the fee increase and to lowerOntario PC Leader Doug Ford released his party’s election platform on Monday.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Another Beer Store location in Toronto will be torn down for condosHot on the heels of news that several Beer Store locations across Ontario are closing, another of the beer retailer's brick-and-mortar stores in Toro…
Read more »
The Beer Store Faces Closure Crisis Amidst Competition from Expanded Alcohol SalesThe Beer Store in Ontario is grappling with the closure of 23 locations due to increased competition from convenience and grocery stores following the Ford government's decision to expand alcohol sales.
Read more »
London Beer Store latest to close as union calls on Ontario voters to make alcohol sales an issueThe union representing Beer Store employees in Ontario is urging voters to prioritize alcohol sales policies in the upcoming election. The call follows the closure of a London store, marking the 23rd Beer Store to shut down since the Progressive Conservative government expanded alcohol sales to various retail outlets. The union argues that the changes will lead to job losses and higher prices for consumers, citing a report projecting a $1.4 billion cost to taxpayers by 2030.
Read more »
LCBO removing all American products from store shelves in OntarioOntario Premier Doug Ford announced this morning that the LCBO will no longer sell any American-made products and that all wine, beer, spirits, seltz…
Read more »
Ontario's Corner Store Liquor Sales Could Cost Up to $1.9 BillionThe Financial Accountability Office of Ontario (FAO) estimates that allowing corner stores to sell liquor could cost the province up to $1.9 billion by 2030. The report attributes the cost to lower tax revenue, support for existing alcohol retailers, and increased expenses.
Read more »
Ontario Mall Gets a Whirlwind of Popularity from Blind Box Toy StorePopcore, a new store specializing in blind box toys from Beijing-based company Pop Mart, has taken Ontario malls by storm. With a rapidly growing Instagram following and multiple locations across the province, Popcore is capitalizing on the global popularity of blind box toys.
Read more »