Several changes to regulations are coming into effect on Jan. 1, 2019 that will support the fast-growing craft beverage industry in Newfoundland and Labrador — including tax breaks for restaurateurs selling craft products at producer-owned facilities.
The provincial government is lowering the tax that craft beverage facilities pay on beer, spirits, cider and non-grape wine produced in Newfoundland and Labrador. The discounts will be higher when producers sell their own products on site at their facilities, including restaurants and tasting rooms attached to their facilities.
No tax break is currently available for craft brewers and distillers for product sold at their own facilities. Starting in the new year, tax breaks will be as high as 40 per cent for products sold at retail stores and through the NLC, and as high as 50 per cent for varying amounts of litres sold at different types of producer-owned facilities.
Learn more and to see the full list of discounted tax rates that will apply for different types of facilities.
If you have any questions or would like more information, you can get in touch with Luc Erjavec, Restaurants Canada Vice President, Atlantic Canada, at email@example.com or 1-800-387-5649 ext. 5000.