TORONTO, ON - February 15, 2024 - Beer Canada welcomes the unanimous motion passed today by the House of Commons Standing Committee on Finance (FINA) to reduce a scheduled 4.7% inflation-based indexing of beer, wine and spirits taxes effective on April 1, 2024 with a lower 2% increase, in line with the Bank of Canada’s CPI mid-range target.
The motion moved by Conservative MP for Calgary Forest Lawn, Jasraj Singh Hallan and amended by NDP MP for Elmwood-Transcona, Daniel Blaikie, received the support of all Liberal, Conservative, NDP and Bloc Québécois members of FINA.
We now call for a concurrence debate in the full House of Commons on the motion so that all Members of Parliament may have their voice heard on this important issue to Canadian beer lovers, as well as to all those who brew, distribute, retail, pour or serve it.
ABOUT BEER CANADA
Beer Canada is the sole national inclusive voice advocating on behalf of Canadian brewers of all sizes and regions and Canadian beer consumers.
Beer Canada’s member companies brew 90% of all beer consumed by Canadians annually. The production, distribution and sale of beer supports 149,000 Canadian jobs, generates $13.6 billion in Gross Domestic Product and $5.7 billion in government tax revenues.
Beer Canada promotes moderate and responsible consumption by those of the legal age and is the authoritative source for data & information on the Canadian beer industry.
