Government of Ontario, Ministry of Finance -Small Beer Manufacturers’ Tax Credit (2022)
Description:
The Small Beer Manufacturers’ Tax Credit under the Taxation Act, 2007 provides for a refundable tax credit available to eligible beer manufacturers having worldwide production in the previous year, pursuant to the 2018 Ontario Budget, over 4.9 million litres (49,000 hL) but less than 30 million litres (300,000 hL).
Comments on Funding:
The tax credit amount is determined by an eligible small brewer’s eligible sales in the sales year. An eligible small brewer could still receive the tax credit even if its eligible sales for the sales year do not exceed 49,000 hL.
The maximum tax credit available to an eligible small brewer is, pursuant to the 2018 Ontario Budget, $2,449,510 for non‑draft beer and $1,788,010 for draft beer on eligible sales exceeding 49,000 hL and up to and including 200,000 hL.
The tax credit is subject to a phase‑out once eligible sales exceed 75,000 hL and is fully eliminated when eligible sales exceed 200,000 hL in the sales year.
Eligibility:
A beer manufacturer may qualify in respect of eligible sales of draft and non‑draft beer sold to purchasers in Ontario during a sales year, if it meets certain criteria including:
Other Things to Note:
The current beer basic tax rates will continue to apply until February 28, 2023.
Program Contact:
When It Ends:
Ongoing
Deadline:
Rolling deadline