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You are here: Home / Government / New tax could force small Ontario distilleries to seek fortunes elsewhere 

New tax could force small Ontario distilleries to seek fortunes elsewhere 

November 29, 2016

Ontario distillers say a proposal for a new 61.5 per cent tax on privately sold spirits could kill the province’s distillery industry.Bill 70, introduced by Finance Minister Charles Sousa earlier this month, includes a new sales tax for stores owned and operated by Ontario’s small and independent distilleries.The province says the amendments will enable private distillers and on-store sites to make more money per bottle, increasing operator’s’ profit margin from 13 per cent to 20 per cent.

Source: New tax could force small Ontario distilleries to seek fortunes elsewhere – Sudbury – CBC News

Filed Under: Government

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