As you may be aware, the federal government announced today the excise duty rate change that will take effect on April 1, 2024. The new excise rates are listed in the Appendix (page 2 of the letter posted below). The rates of excise duty are adjusted annually to the Consumer Price Index on April 1 of every year.
B.C. wholesale and hospitality prices will be updated on April 1, 2024 to reflect the excise duty increases.
The BC Liquor Distribution Branch (LDB) will be extending the price change deadline for Period 1 of fiscal 2024/25 (April 2024) to 5 p.m. on Monday, February 26, 2024, in order to provide additional time for our vendors and suppliers to react to any wholesale price changes for Period 1.
Please note, the wholesale pricing publish date will be pushed from March 4 to March 11, 2024 due to the price change deadline extension and the wholesale and hospitality price lists for Period 1 will be available on March 11, 2024.
More information about these changes is available here: https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/edrates/excise-duty-rates.html
If you have any questions, please contact wholesalepricing@bcldb.com.
Thank you for your attention to this matter.