Advertisement

Select Page

Canadian wine industry contributes $9 Billion in economic impact to Canadian economy

Canadian wine industry contributes $9 Billion in economic impact to Canadian economy

Canadian wine industry production has an annual national economic impact of $9 billion, reveals a research study conducted on the Canadian wine and grape industry. The industry's value has grown 33%, up from $6.8 billion to over the period 2011-2015.

The Ontario wine and grape industry generates $4.4 billion in economic impact, British Columbia $2.8 billion, Quebec $1.1 billion and $218 million in Nova Scotia.

"The Canadian wine industry is an increasingly significant contributor to our national economy," said CVA President and CEO Dan Paszkowski. "Our 671 wineries, largely small, family-owned businesses, create jobs, pay significant taxes, and boost regional, provincial and national economies alike," he added.

Commissioned by the Canadian Vintners Association, the Winery & Grower Alliance of Ontario, the British Columbia Wine Institute and the Winery Association of Nova Scotia, the report Canada's Wine Economy - Ripe Robust Remarkable confirms the wine industry has become a large and significant contributor to the overall Canadian economy, especially in Ontario, British Columbia, Quebec and Nova Scotia.

Canadian winemakers support a broad network of related industries in rural and regional centres across Canada through significant investments, long-term jobs and market opportunities in rural communities.

The wine and grape industry is a Canadian success story, employing over 37,000 Canadians.

Wine consumption in Canada continues to grow as many Canadians are reaching for a glass of wine over spirits or beer. With Canadian wines presently representing only 30% of total wine sales across the country and imported wine at 70%, there is enormous potential for Canadian wine sales growth which would benefit the entire national economy. An average bottle of wine sold in Canada there is $36.54 of domestic economic impact generated in the country.

"Every dollar invested in the Canadian wine economy stimulates more jobs, more revenue and more taxes," says Paszkowski. "We contributed $9 billion to the national economy in 2015 or $1 million every hour, which is 33% more than in 2011."

The independent study was conducted by Frank, Rimerman + Co., a leading international accounting and research firm in the wine industry, which has conducted similar studies for other winemaking regions around the world.

Related Post

30,000 giveaway for small business okanagan

Get Tickets

Plutocrats workshop tickets

Current Issue

Current Issue

Aug/Sept 2018 Okanagan Life

Purchase

May 2018

May 2018 Okanagan Life

Purchase

Frame your certificate

$199.98 Prices include PST/GST.

Purchase

$144.99  Prices include PST/GST

Purchase

Prices include PST/GST

Purchase

$24.99 Prices include GST/PST. Cardboard back.  

Purchase

October 2016

October 2016 Okanagan Life

Upcoming Events

Nov
23
Fri
6:00 pm 10th Annual Global Gala @ Delta Grand Resort
10th Annual Global Gala @ Delta Grand Resort
Nov 23 @ 6:00 pm
10th Annual Global Gala @ Delta Grand Resort | Kelowna | British Columbia | Canada
The fourth-year nursing students from the University of British Columbia (UBCO), in partnership with Okanagan-Zambia Health Initiative (OkaZHI), proudly host the 10th Annual Global Gala. The Global Gala is the formal charity event that features[...]
Nov
30
Fri
5:00 pm Summerland Festival of Lights @ Dowtown Summerland
Summerland Festival of Lights @ Dowtown Summerland
Nov 30 @ 5:00 pm – 9:00 pm
Summerland Festival of Lights @ Dowtown Summerland | Victoria | Texas | United States
Summerland will switch-on of its downtown lights on Friday, November 30. Be treated to an evening of festive fun with a country twist. Presented by the Summerland Chamber of Commerce and the District of Summerland,[...]

Error: Please enter a valid email address

Error: Invalid email

Error: Please enter your first name

Error: Please enter your last name

Error: Please enter a username

Error: Please enter a password

Error: Please confirm your password

Error: Password and password confirmation do not match