Tuesday 12 March 2024

Beer tax: Canadian government slashes increase ahead of looming deadline

Global News on Youtube has the story.

The Canadian government is reducing its national beer tax that was set to increase on April 1, Finance Minister Chrystia Freeland announced Saturday.

For an additional two years, Freeland told reporters that the federal government will extend its inflation adjustment cap at two per cent for beer, spirit and wine excise duties.

The alcohol excise tax, sometimes known as the “beer tax,” was planned to go up by 4.7 per cent on April 1 this year. 

Global's Sean O'Shea reports.

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