The True Cost of a Libation

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

About 2sidesof49

This Blog is for all Canadian Cross-Border Shoppers wanting to maximize their returns on their U.S. shopping trips. Visit 2sidesof49.com for tips and tricks and links to our partners websites, blogs and products. Also check out my book The Canadian Cross-Border Shopping Guide - guaranteed to save you money!
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1 Response to The True Cost of a Libation

  1. Pingback: The True Cost of Alcohol in Ontario « This Too Shall Pass

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