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Statement regarding the government’s freeze of the escalator tax on alcohol and spirits

Statement regarding the government’s freeze of the escalator tax on alcohol and spirits

Today, the federal government announced that it will freeze the escalator tax on alcohol and spirits.

March 9, 2024

Today, Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, and Minister of Small Business, the Honourable Rechie Valdez, announced a new initiative by the federal government to offer substantial relief from alcohol excise duties to Canadian businesses, particularly benefiting local craft breweries.

We welcome the government’s announcement to freeze the escalator tax on alcohol and spirits.

Today’s announcement will help provide relief to Canadians and struggling businesses, particularly in the hospitality sector.

Robin Guy, Vice President and Deputy Leader, Government Relations, Canadian Chamber of Commerce

To learn more about this announcement, click here.

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