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Old Posted Dec 24, 2008, 12:52 AM
FairHamilton FairHamilton is offline
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Quote:
Originally Posted by drpgq View Post
I thought I did read that the reason for the raise was for the additional PST. The buck a beer segment has a decent chunk of the market now, so that extra PST on all those cases adds up to an ok amount (admittedly not that big, but I think we'll probably be seeing numerous fee increases in the next few years). Probably an actual rise of the tax would have been considered to be too blatant.
Not taxes, they raised the "floor price". Which as I mentioned will also increase tax revenues through sales tax because the the price is now higher.

http://www.google.com/hostednews/can...LorM-Igk51cPCg

Quote:
Raising minimum prices for beer can help boost the bottom line at the big breweries. Hapak said the increase could also affect government revenues.

"If customers purchase the same litre volume of the 40 brands directly affected by the minimum price increases, then the province could receive incremental RST (retail sales tax) revenue, if customers don't reduce other purchases that are subject to RST."
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