TORONTO — Finance Minister Chrystia Freeland says the federal government will cap the annual alcohol excise tax increase on beer, spirits and wine at two per cent for an additional two years.
The alcohol excise tax had been set to rise on April 1 by 4.7 per cent, tied to inflation, but Freeland announced today that the increase is being capped at the lower rate.
She also announced some tax relief for local craft breweries by cutting the excise duty rate on the first 15,000 hectolitres of beer in half for two years.
She says Canada’s small craft brewers are among the finest in the world and are an
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