Joe Warmington of the Toronto Sun wrote an article on Thursday July 28 “Driven to Drink” in this article Joe dissects the cost of a 750 ml bottle of booze.
So here’s how the nitty gritty of the ripoff…
The Canadian Taxpayer Federation reveals that the LCBO pays $5.52 for a bottle. This includes the distillers production, delivery costs and profit. The first hit is federal excise – $3.51, then LCBO mark up – $12.72, then a $0.29 bottle levey and a $0.09 environmental levy. We are now at $22.12! Next 13% HST – $1.11 for GST and $1.77 for PST. Total $25.00 more than 400% than original cost.
Would you like that in a bag? Another 5 cents!
Read Joe’s full story at http://www.torontosun.com/2011/07/27/lcbo-could-teach-capone-a-few-tricks