Ontario Cutting Wholesale Alcohol Prices to Support Restaurants and Bars
Ontario is supporting businesses impacted by the pandemic and continuing to provide choice and convenience for consumers by cutting LCBO wholesale prices for bars and restaurants, enabling curbside pickup of beer, wine and cider from licensed grocery stores, and freezing the basic beer tax rate.
The government is supporting bars, restaurants and licenced liquor consumption premises, by cutting wholesale prices for the alcohol they purchase from the LCBO, saving these businesses an effective 20 per cent when compared to retail prices.
This change will provide approximately $60 million in annual support to restaurants, bars and other businesses.
This action builds on other recent changes to improve alcohol choice and convenience for consumers, create more opportunities for businesses, and strengthen social responsibility standards, including enabling curbside pickup of beer, wine and cider at licensed grocery stores.
This is part of the new modernized legal framework that simplifies rules for the alcohol sector.
The government is also freezing basic beer tax rates that were set to be indexed to inflation on March 1, 2022 until March 1, 2023 to support beer and craft beer brewers to recover and grow and to save consumers money.
The Ontario government remains steadfast in its commitment to take the necessary steps to provide Ontario businesses with the support they need to not only recover from the pandemic, but thrive.
Learn More: https://news.ontario.ca/en/release/1001350/ontario-cutting-wholesale-alcohol-prices-to-support-restaurants-and-bars