Hi there everyone,
This is my first time posting so I thought I'd introduce myself. Currently I am a business student, but have spent the last 5 years working in the brewing industry as a brewer. Right now I am interning for a local brewery and doing a bit of budgeting for them.
Here's what I can't figure out:
The Canadian federal gov't taxes breweries based on a sliding scale: produce less than 2000 hectolitres get taxed at $3.12/hl, exceed 2000hl and get taxed at the next rate on any volume that exceeds 2000hl, exceed 5000hl and get taxed at the next rate, and so on and so on.
For example, say annual production is 6200 hectolitres. The first 2000hl would be taxed at $3.12, the next 3000hl(2001-5000) would be taxed at $12.49, and the next 1200hl(5001-15000) would be taxed at $12.49.
I've attached a worksheet with the tax scale on it.
Thanks a lot for having a read. Any help would be greatly appreciated
Ben
Bookmarks