Parliament will examine reducing the increase in the alcohol tax.

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There’s optimism for brewers, distillers, vintners, and drinkers that their beloved adult beverages might dodge a hefty price surge come April Fools’ Day. The finance committee of the House of Commons has greenlit a proposal to trim the planned 4.7% hike in the federal excise tax on alcohol down to a modest 2%. As per existing laws, the excise duty inflates annually in sync with the inflation rate. With the consumer price index soaring by 4.7% in 2023, both industry players and consumers have clamored for relief. The unanimous approval of this motion last week signals a ray of hope, awaiting deliberation in the House of Commons.

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