In its report titled Investing in Tomorrow: Canadian Priorities for Economic Growth and Recovery, the House Standing Committee on Finance recommended the adoption of the CCBA’s pre-budget proposal to eliminate the excise tax on the first 10,000 hl of beer brewed by Canadian breweries annually.
Each year the Committee of MPs from all political parties accepts proposals from industry associations, companies and individuals regarding funding priorities in the next year’s federal budget. Approximately 15% of proposals received are recommended for consideration by the Finance Minister. CCBA’s proposal was one of nine recommendations in the Tax-Related Issues section of the report, and the only one related to beer.
“We are pleased that the Committee agreed with the important role breweries play in their communities,” said Rick Dalmazzi, Executive Director of the CCBA. “Every dollar a small brewery saves in taxes gets invested back into the business.”
The Committee’s full report can be found here.
A full list of the CCBA’s advocacy efforts in the past year can be found here.