Please be advised of the following updates:
Wine Markup – applicable to all wine products
The Ontario government has introduced legislation through the Protect, Support and Recover from COVID-19 Act (Budget Measures), 2020, which, if passed, would prevent an increase in wine tax rates on January 1, 2021.
To parallel these measures, the LCBO has been directed to similarly cancel the 1% increase to its wine markup rates due to take effect on January 1, 2021. All LCBO wine markups will remain at their current rates.
This change does not affect the indexation of wine and spirit minimum retail prices scheduled to take place on March 1, 2021. As new developments and timelines are finalized we will communicate these decisions to the trade.
Questions may be directed to firstname.lastname@example.org.
Thank you for your continued support and partnership.