Federal Excise Tax
On April 1, 2022, the Federal Excise Tax will increase based on the consumer price index. This increase will be applied to the landed cost of products where applicable. The new rates are published here.
The new Excise rates will be applied to new LCBO products and Private Orders starting Friday, April 1, 2022. LCBO Continuously available and Vintages Essentials products will be re-priced for effective date Monday, April 25, 2022 onwards.
For suppliers of continuously available LCBO or Vintages products who wish to submit revised quotes, please note the following key dates:
Friday, March 11 - Updated wholesale quote submission deadline
Friday, April 1 - wholesale quotes effective
Monday, April 25 - retail prices effective
Retails will automatically be adjusted based on the new Excise rates effective April 25, 2022. If a Supplier wishes to maintain their current retail on that date, they must submit a *rebate quote letter, separate from their above-mentioned quote filing. The quote letter must state: “The supplier will pay to reduce the cost of inventory on hand and on order”. These rebate quote letters are due by Monday April 4, 2022, for processing and should clearly indicate in the title of the email that this rebate is for the April Excise Filing.
Please note - if you choose to rebate, two separate quote letters are required: 1) The quote you require posting for April 1st based on the new rates noted above; 2) The rebate quote letter to maintain on shelf pricing based on current pricing variables.
*Rebate letters are ONLY required for products which will INCREASE in price above a desired price point. If a product is working out to LESS than a desired price point, No rebate letter is required*
Key Dates - Beer Price Change Schedule
The submission schedule for beer price changes will be modified to allow for the administration of the increase in federal excise. Please use the below timeline as required for pricing updates. The schedule is as follows:
Monday April 4 – Submissions and imported supplier quotes due by 4pm for April 25 change
Monday April 11 –no price change submissions will be accepted
Tuesday April 19 – no beer price changes; submissions accepted for May 2 retail effective
Monday April 25 – new excise tax rate and retail prices in effect. Regular submission and price change schedules resume
For brewers of domestic beer listed at TBS, LCBO or Grocery
To maintain the current retail price, no action is required. The change in excise tax has no impact on the retail price as domestic beer is purchased “excise paid.” If a change in price is desired, please submit the Beer Price Submission form.
For brewers of imported beer
To maintain the current retail price, a revised wholesale quote is required along with a completed Beer Price Submission form. The quote letter must state: “The supplier will pay to reduce the cost of inventory on hand and on order.” If no revised quote and Beer Price Submission form is received, the new excise tax will be applied to the landed cost and the product will be re-priced accordingly. Please note: For products listed at TBS, no changes will be made to licensee prices or pack-up prices unless requested by the brewer on the Beer Price Submission form. All supplier quotes and beer price submissions must be sent to email@example.com.
Updated Pricing Calculators
Revised April 2022 pricing calculators for ALL products are posted here.
Questions may be directed to firstname.lastname@example.org
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