There’s an overall social cost of alcohol of $20-billion netted against Canada’s income of $13.6-billion from liquor authorities and taxes
Ontario Premier Doug Ford pretends to drink from a beer can and Finance Minister Peter Bethlenfalvy holds one at an announcement saying the province is speeding up the expansion of alcohol sales, in Toronto on May 24.Jean Blacklock and Andrew Auerbach are contributing columnists for The Globe and Mail. They are co-founders of Delisle Advisory Group, an independent wealth management firm serving high-net-worth families.
The net cost of alcohol use is twice that of tobacco at $6.4-billion: an overall social cost of alcohol of $20-billion netted against Canada’s net income of $13.6-billion from liquor authorities and other alcohol-derived taxes and revenue. The report slashed recommended low-risk drinking from a weekly limit of 15 standard-size drinks for men and 10 for women to no more than two drinks per week. Another recommendation was to provide consistent, easy-to-use information on alcohol containers so consumers can accurately track and monitor their alcohol use in terms of standard drinks.
Cost Tobacco Use Substance Education Report Access Johnny Gaudreau Globe Ontario
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