this post was submitted on 28 May 2024
60 points (98.4% liked)

Canada

7200 readers
324 users here now

What's going on Canada?



Communities


🍁 Meta


πŸ—ΊοΈ Provinces / Territories


πŸ™οΈ Cities / Local Communities


πŸ’ SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


πŸ’» Universities


πŸ’΅ Finance / Shopping


πŸ—£οΈ Politics


🍁 Social and Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca/


founded 3 years ago
MODERATORS
 

Premier Doug Ford's push to get beer and wine into convenience stores ahead of schedule will cost Ontario taxpayers at least $225 million, but there's evidence the full price tag actually adds up to hundreds of millions more.

When the Ford government announced that it will pay the multinational owners of The Beer Store to allow what it calls "early implementation" of the expanded alcohol sales, it did not disclose the cost of other key components of its plan. Those components include:

  • Giving private-sector retailers (including grocery and convenience stores) a wholesale discount of 10 per cent off the LCBO's basic retail price.
  • Giving brewers a full rebate of what the LCBO calls its "cost-of-service fees" on wholesale beer sales.
  • Giving more than 8,000 grocery and convenience stores the right to sell beer, wine, cider and ready-to-drink beverages at prices lower than the LCBO's.

Official figures from the Ministry of Finance and the LCBO obtained by CBC News on Monday show the province is facing a net revenue loss of $150 to $200 million per year as a result of the changes, in addition to the Beer Store payment.

The Ontario Liberal Party claims the costs will add up to $1 billion in direct payouts to the Beer Store, grocery chains and convenience store owners, as well as foregone revenue for the LCBO.

you are viewing a single comment's thread
view the rest of the comments
[–] undercrust@lemmy.ca 6 points 5 months ago

Family history of drunkards?