Robert: Province to tax sugary drinks in 2022
Published on October 19th, 2021 @ 11:35 AM
Today the Provincial government laid out plans to tac sugary drinks in Newfoundland and Labrador.
Starting on September 1st, 2022, an additional $0.20 per litre will be added to the price of things like soda, energy drinks, fountains drinks, frozen juices and more. The tax will be applied to the price on the shelf.
The tax will not apply to drinks sweetened with non-caloric sweeteners, such as diet drinks, natural fruit or vegetable juices, or drinks such as coffee and tea , which are prepared at the point of sale.
The province has announced a new tax on sugar sweetened beverages.
Here’s the details:
— Ben Cleary (@BenClearyNL) October 19, 2021
Alcohol, medical or therapeutic beverages, milk, fortified plant-based milks, yogurt beverages, drinks less than 75 ml, and beverages brought in to the province by consumers less than 5 L or less are also exempt.
Deputy Premier Siobhan Coady says the new tax will equal $9 million per year in revenue.
Money aside, she also says the new tax is will hopefully sway consumers from consuming these unhealthy beverages, with the goal of Newfoundland and Labrador becoming one of the healthiest provinces in Canada by 2031.