Amendments made to clarify NS retail sales markup allocation
(CP) - Nova Scotia has amended regulations to clarify the "markup" process for locally produced alcoholic beverages sold by manufacturers.
The Liquor Control Act gives the Nova Scotia Liquor Corp. the authority to set liquor pricing in Nova Scotia.
At NSLC outlets, the difference between the retail price and the amount paid to producers for their product represents markup revenue for the provincial liquor corporation.
However, at Nova Scotia breweries, distilleries and wineries that sell on their premises, the business owner retains the markup but is charged the Retail Sales Markup Allocation.