Rye Whisky - A Genuine Canadian Cultural Product

MP James Bezan Tables Private Members Bill to Help Canada's Iconic "Canadian Whisky" IndustryNews Flash (It's about time)OTTAWA, Oct. 23, 2012 /CNW/ - In order to help stimulate growth within the Canadian Spirits Industry, Conservative James Bezan, MP for Selkirk-Interlake, today introduced a private member's bill to reduce federal excise duties on spirits by $1.00 per litre of absolute alcohol (laa)."Our Government has in recent years reduced the excise burden on both beer and wine, and it's time we now did the same for the country's most iconic product, "Canadian Whisky," said Bezan.The Bill would amend the Excise Act, 2001 by reducing the federal excise duty on distilled spirits from $11.696 to $10.696 per litre of Absolute Ethyl Alcohol (LAA)."The benefits of a modest reduction in excise duties on spirits would be tremendous, including spurring new investment in plants and infrastructure, help fund the opening of new export markets, and create new demand for Canadian cereal grains such as barley, corn, wheat and rye", explained Bezan.  "I ask the Government of Canada to bring this bill into force as soon as we have balanced our budget.""Canadian Spirits producers are very appreciative of the efforts of Mr. Bezan to reduce the very high tax burden imposed on them in Canada", added Jan Westcott, President & CEO of Spirits Canada. "There are really tremendous opportunities for growth for the Industry. All we really need is a more competitive tax structure to unleash those forces."If enacted, the effective duty rate on spirits would be reduced from 20 cents per standard drink¹ to 18 cents, versus comparable duty rates of 9 cents for wine and 10½ cents for beer.http://www.newswire.ca/en/story/1057685/mp-james-bezan-tables-private-members-bill-to-help-canada-s-iconic-canadian-whisky-industry