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The Liquor Control Board of Ontario (LCBO) is a Crown agency that retails and distributes alcoholic beverages throughout the Canadian province of Ontario. [5] It is accountable to the Legislative Assembly through the minister of finance. [5] It was established in 1927 by the government of Premier George Howard Ferguson to sell liquor, wine, and ...
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Banks and financials have a 10.84% flat tax applied to their profits. The S corporation rate is 1.5% while S corporation bank and financial rate is 3.5%. [54] California property tax rates are ranked 17th highest in the nation [56] having been capped by the Proposition 13
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The LLBO was replaced by the Alcohol and Gaming Commission of Ontario in 1998 under the Alcohol and Gaming Regulation and Public Protection Act passed in 1996.. The LLBO name lives on in signage and advertising for many eateries and entertainment establishments, including some opened well after the board’s dissolution, which display the name to indicate the location is legally licensed to ...
[7] [8] The Ontario Cannabis Retail Corporation (OCRC), was established as a subsidiary of the LCBO with a mandate to initially open 40 stores before legalization took effect in October 2018. [ 9 ] [ 10 ] OCRC also entered a partnership with Shopify to use the company's platform for operating the province's online cannabis sales. [ 11 ]