Ontario is continuing to take steps to create more opportunity for producers of craft beer by supporting the growth of small breweries in local communities across the province.
Charles Sousa, Minister of Finance, was at Amsterdam Brewery in Toronto today to highlight changes to the Small Beer Manufacturers' Tax Credit included in the 2018 Ontario Budget. If passed, changes would enable more breweries to expand their operations, create jobs and fuel economic growth. Changes are proposed to come into effect retroactively, starting March 1, 2018.
These changes build on previous measures the government has taken to support small breweries in Ontario, including:
Ontario's plan to support care, create opportunity and make life more affordable during this period of rapid economic change includes a higher minimum wage and better working conditions, free tuition for hundreds of thousands of students, easier access to affordable child care, and free prescription drugs for everyone under 25, and over 65, through the biggest expansion of medicare in a generation.
“Ontario’s innovative and thriving small breweries support local agriculture, spur economic growth and deliver new and exciting products to consumers. That’s why we are delighted to provide continued supports to help small breweries make long-term investments to grow and expand their businesses — creating good jobs in communities across the province.”
“The OCB is committed to further strengthening Ontario’s reputation as a centre of craft brewing excellence and today’s announcement is a critical step on that path. We have already seen the positive impact of ongoing government commitment to this industry with 250 independent craft breweries now open and growing in over a hundred communities, generating thousands of jobs and an economic impact in all corners of the province. The new supports announced today will certainly help accelerate that growth. It is a great day for the craft beer industry and a great day for Ontarians who enjoy locally made craft beer.”
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