Ontario to sell off most of Hydro One, introduce new beer tax

Ontario to sell off most of Hydro One, introduce new beer tax

Ontario to sell off most of Hydro One, introduce new beer tax Transit construction plans by Ontario premier Kathleen Wynne will be helped along by the sale of 60 per cent of the province’s Hydro One electricity utility and licences for hundreds of grocery stores to sell beer which will face a new tax. The Hydro One sale will raise an estimated $9 billion, more than half of which will be used to pay down some of its debt, leaving around $4 billion in the pot. Up to 450 grocery stores will be allowed to sell beer in the province, with some conditions. While The Beer Store’s business will be protected to some extent, it will lose its monopoly except on 24-cases, and will have to offer shelf space to small brewers. A new tax on all beer sold in Ontario will raise $100 million per year.