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Tax Policy Comparison:
EXCISE & OTHER TAX #4
| Tax Policy Comparison: EXCISE & OTHER TAX #4 |
Conservative Party | Liberal Party |
|---|---|---|
| POLICY | The Conservative Party will Eliminate the Annual Alcohol Tax Increase Implemented by the Liberal Party | N/A |
| DATE | 1-Apr-25 | N/A |
| URL | View Policy | No Policy to View |
| DESCRIPTION & COMMENT | Alcohol, including beer, spirits and wine, are taxed federally β for the most part β under the Excise Act, 2001. This Act mandates that excise duty rates on beer, spirits, and wine are indexed to inflation, with adjustments occurring every April 1st based on changes to the Consumer Price Index (CPI). This indexing mechanism was introduced in the 2017 federal budget to ensure that excise duties keep pace with inflation. However, the federal government announced a temporary cap on these adjustments so that the inflationary increase was limited to 2% for two years starting April 1, 2024. The April 1, 2025 2% increase happened today automatically.
Given the above, the Conservatives have announced ββ¦he [Poilievre] will axe the automatic annual tax increases on alcohol that the Mark Carney Liberals hiked again today. Conservatives will bring the tax rate back down to 2017 levels so Canadians pay less and businesses earn more.β In other words, the automatic increases to the excise tax rates on alcohol will be eliminated and rolled back to the pre-indexation rate from 2017. Well, I guess I can start buying more nice wine again soon!! | N/A |
Tax Policy Comparison:
EXCISE & OTHER TAX #4
Tax Policy Comparison: Excise & Other Tax #4
Conservative Party
Date: April 1, 2025
Summary:
The Conservative Party will Eliminate the Annual Alcohol Tax Increase Implemented by the Liberal Party
Description & Comment:
Alcohol, including beer, spirits and wine, are taxed federally β for the most part β under the Excise Act, 2001. This Act mandates that excise duty rates on beer, spirits, and wine are indexed to inflation, with adjustments occurring every April 1st based on changes to the Consumer Price Index (CPI). This indexing mechanism was introduced in the 2017 federal budget to ensure that excise duties keep pace with inflation. However, the federal government announced a temporary cap on these adjustments so that the inflationary increase was limited to 2% for two years starting April 1, 2024. The April 1, 2025 2% increase happened today automatically.
Given the above, the Conservatives have announced ββ¦he [Poilievre] will axe the automatic annual tax increases on alcohol that the Mark Carney Liberals hiked again today. Conservatives will bring the tax rate back down to 2017 levels so Canadians pay less and businesses earn more.β
In other words, the automatic increases to the excise tax rates on alcohol will be eliminated and rolled back to the pre-indexation rate from 2017.
Well, I guess I can start buying more nice wine again soon!!
View Policy
Summary:
The Conservative Party will Eliminate the Annual Alcohol Tax Increase Implemented by the Liberal Party
Description & Comment:
Alcohol, including beer, spirits and wine, are taxed federally β for the most part β under the Excise Act, 2001. This Act mandates that excise duty rates on beer, spirits, and wine are indexed to inflation, with adjustments occurring every April 1st based on changes to the Consumer Price Index (CPI). This indexing mechanism was introduced in the 2017 federal budget to ensure that excise duties keep pace with inflation. However, the federal government announced a temporary cap on these adjustments so that the inflationary increase was limited to 2% for two years starting April 1, 2024. The April 1, 2025 2% increase happened today automatically.
Given the above, the Conservatives have announced ββ¦he [Poilievre] will axe the automatic annual tax increases on alcohol that the Mark Carney Liberals hiked again today. Conservatives will bring the tax rate back down to 2017 levels so Canadians pay less and businesses earn more.β
In other words, the automatic increases to the excise tax rates on alcohol will be eliminated and rolled back to the pre-indexation rate from 2017.
Well, I guess I can start buying more nice wine again soon!!
View Policy
Liberal Party