As you may be aware, the federal government announced today the excise duty rate change that will take effect on April 1, 2021. The new excise rates are listed in the Appendix (page 2 of this letter). The rates of excise duty are adjusted annually to the Consumer Price Index on April 1 of every year, and the next inflationary rate adjustment will be on April 1, 2022.
B.C.’s wholesale and hospitality prices will be updated on April 1, 2021 to reflect the excise duty increases.
The wholesale and hospitality price lists for Period 1 will be available as per regular schedule.
The BC Liquor Distribution Branch (LDB) will be extending the price change deadline for Period 1 to end-of-day on February 19, 2021, in order to provide additional time for our vendors and suppliers to react to any wholesale price changes for Period 1 for fiscal 2021/22 (April 2021).
You can read more about the changes here: https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/edrates/excise-duty-rates.html
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Thank you for your attention to this matter.