Wine Prices Increase in Mississauga (and Beyond)
Sad news, Mississauga wine lovers -- vino prices recently increased in Ontario.
The delightfully positive Canadian Taxpayer's Federation (CTF) recently called on the provincial government to reverse the June 20 two per cent hike in ad valorem tax in wine. Sadly, this tax hike is the first of many and it's not exactly coming as a surprise.
Premier Kathleen Wynne announced the increase, which will be applied as a markup by the LCBO, in the 2016 budget. The tax is moving up from 65.5 per cent to 67.5 per cent for Ontario wine. Imported wine taxes will increase from 71.5 per cent to 73.5 per cent.
The tax is slated to increase even more in the coming years, going up another two per cent in 2017 and 2018 and an additional one per cent in 2019.
CTF provided some other disheartening numbers.
"When other taxes are added, an Ontario wine maker will now receive only $4.27 on a $10 bottle of their Ontario wine," the organization wrote in a recent newsletter. "The other $5.73 of the price goes to taxes and bottle deposits. Things are even worse for imported wine, where the pre-tax price of the wine is only $3.44 on a $10 bottle."
So, some sad news for wine drinkers who want to go wild on Zinfandels this summer. Although it's fair to grumble, every good vino aficionado knows that no disappointing two per cent tax hike can (or should) stop them from ringing in the summer with bottles upon bottles of reds, whites and pinks.
Summers in Mississauga (and beyond) are (or should be) full of fantastic drunken BBQs and dinner parties, so try not to let the increase dampen your spirit too much. And hey - at least you know the CTF has your wine-loving back.
Now might also be a good time to make friends with people who make their own wine.