Canada has 2 tax systems – HST and GST + PST. Here HST stands for Harmonized Sales Tax and GST + PST stands for Goods and Service Tax [GST] + Provincial Sales Tax [PST]. These rates are fixed and regulated byThe Canada Revenue Agency (CRA).
GST Applies to the following provinces in Canada
Current Province PST Rate in Canada
Harmonized Sales Tax Rates in Canada
ProvinceHST RateFederal PartProvincial Part New Brunswick15%5%10% Newfoundland and Labrador15%5%10% Nova Scotia15%5%10% Ontario13%5%8% Prince Edward Island15%5%10%
Update On GST/HST rates For All Provinces
For On or after October 1, 2016 July 1, 2016 to September 30, 2016 April 1, 2013 to June 30, 2016 July 1, 2010 to March 31, 2013 January 1, 2008 to June 30, 2010.
GST Calculator Canada
Goods and Services Tax Calculator Canada
Original Cost [Value before GST]
GST Price [Calculated GST]
Net Price [Total cost after GST]
Explanation of the GST Calculation Formula
Add GST GST Amount = ( Original Cost * GST% ) / 100 Net Price = Original Cost + GST Amount
Remove GST GST Amount = Original Cost – ( Original Cost * ( 100 / ( 100 + GST% ) ) ) Net Price = Original Cost – GST Amount
Example: A product is sold from place A to Place B at the rate of Rs.1000. GST rate is 10 %. What is the net price? Solution : = 1000 x (10 / 100) = Rs.100 Hence the net price is 1000 + 100 = 1100$