The price of wine increases in Ontario today.
The price of wine is increasing by 2 per cent today, it's the first of four tax hikes on wine that sells at the LCBO.
The Canadian Taxpayers Federation is calling on the government to reverse today’s 2 per cent hike in ad valorem tax in wine.
Premier Wynne announced the tax increase, which is applied as a markup by the LCBO in her 2016 budget.
The tax is moving from its current rate of 65.5 per cent to 67.5 per cent for Ontario wine, and from 71.5 per cent to 73.5 per cent for imported wine.
Todays markup is not the only recent change in wine taxes, and it is not the last.
The tax will increase a further 2 per cent in 2017 and 2018, and by 1 per cent in 2019.
And the 2016 Ontario budget already increased the basic tax on non-Ontario wine purchased at winery retail stores by 1 per cent at the beginning of June.
Like the LCBO mark up tax, this tax hike will also increase by another 1 per cent in 2017, 2018 and 2019.