Profits
The company is considered profitable for the provincial government, returning $1.2 billion to the Ontario government in its most recent fiscal year. Some critics claim it is not profitable enough, especially considering the large market share it retains.
The figures quoted above do not include the 13% sales tax the Ontario government levies on retail sales, or the 10% tax charged on alcohol sales in licenced establishments. By comparison the provincial portion of the Harmonized Sales Tax rate in Ontario is only 8%.
Read more about this topic: Liquor Control Board Of Ontario
Famous quotes containing the word profits:
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—Alfred Tennyson (1809–1892)
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—E.B. (Elwyn Brooks)