The 2020 Ontario budget retroactively rescinded the effective date for planned increases to the wine and beer basic taxes. The wine basic tax rate increase scheduled for June 1, 2020 was cancelled until further notice. The beer basic tax scheduled to increase on December 1, 2020 will be deferred until March 1, 2022. The legislation affecting these sales tax measures received Royal Assent on December 8, 2020.
Ryan’s full analysis of the Ontario Budget 2020 is available on our website. Further information regarding the Ontario beer and wine tax measures may be found in the following publications: