Liquor prices will increase 6.3% on April 1, thanks to the “annual escalator excise tax” implemented by the federal government in 2017.
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The more inflation makes your life unaffordable, the more your government places your favourite tipple out of reach. This will add $125 million a year to the federal coffers, according to Dr. Sylvain Charlebois of Dalhousie University. He says Canada has the highest alcohol taxes among G7 countries and taxes alone account for about 50% of the price of beer, 65% of the price of wine and 75% of the price of spirits.
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