To: All Wholesale and Hospitality Customers
On February 13, 2020 the federal government announced the excise duty rate change that will take effect on April 1, 2020. The new excise rates are listed in the Appendix (page 2 on the attached 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, 2021.
Wholesale Pricing:
B.C.’s wholesale prices will be updated on April 1, 2020 to reflect the excise duty increases. The new wholesale prices will be available on March 3, 2020.
The BC Liquor Distribution Branch (LDB) will be reopening and extending the price change deadline for Period 1 to end-of-day on February 21, 2020, in order to provide additional time for our vendors and suppliers to react to any wholesale price changes for Period 1 for fiscal 2020/21 (April 2020).
Hospitality Pricing:
On March 16, the retail price list for Period 1 will be released. The retail price list for Period 1 will come into effect on April 1, 2020. You can read more about the changes 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.
Roger Bissoondatt
Chief Financial Officer, BC Liquor Distribution Branch