The LCBO has received notification that the Canada Revenue Agency has released updated excise rates at a 2% increase on April 19th. With this update, we will proceed with pricing 2% rate increase, effective April 19th.
For LCBO products that are consistently available, including wine, spirits, RTD, import beer, and Vintages Essentials products, they will be re-priced based the 2% excise rate increase and new pricing will take effect on Monday, April 29, 2024.
- Increase in quotes will be processed in accordance with the Schedule of Quote Increases.
- Decrease in quotes will be processed for next business day.
- Rebates submitted on April 17 and April 24 will be effective starting May 6.
- Domestic Beer submissions schedule remains unchanged for price adjustments.
- Imported beer quotes will be accepted on April 22, with the changes taking effect from May 6.
Regarding products listed at The Beer Store, there will be no alterations to domestic beer prices, licensee prices, or pack-up prices, unless specifically requested by the brewer through the Beer Price Submission form.
Questions may be directed to pricing@lcbo.com.
Thank you for your continued support and partnership.