Alcohol escalator tax automatically increases excise taxes on beer, wine and spirits every year with inflation
The federal government is increasing its alcohol excise taxes by 6.3 per cent on April 1, 2023.
Taxes already account for about half of the price of beer, 65 per cent of the price of wine and more than three quarters of the price of spirits.
First passed in the 2017 federal budget, the alcohol escalator tax automatically increases excise taxes on beer, wine and spirits every year with inflation.
“This alcohol escalator tax hike is undemocratic and allows politicians to duck accountability,” said Terrazzano. “If politicians think Canadians aren’t paying enough tax, then they should have the spine to at least vote on the tax hike.”
Franco Terrazzano
CTF Federal Director
Email:
fterrazzano@taxpayer.com
Twitter: @franco_nomics
