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Sales Tax

Sales Tax

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Sales Tax. Tax Break down in Canada. H.S.T. Provinces. PST. GST. Total $100.00. British Columbia 12% $112.00 Alberta no PST 5% no H.S.T. $105.00 Saskatchewan 5% 5% no H.S.T. $110.00 Manitoba 7% 5% no H.S.T. $112.00 Ontario 13% $113.00 - PowerPoint PPT Presentation

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Page 1: Sales Tax

Sales Tax

Page 2: Sales Tax

Tax Break down in Canada

British Columbia 12% $112.00Alberta no PST 5% no H.S.T. $105.00Saskatchewan 5% 5% no H.S.T. $110.00Manitoba 7% 5% no H.S.T. $112.00Ontario 13% $113.00Québec 8% 5% no H.S.T. $113.00NFLD & Labrador 13% $113.00Nova Scotia 15% $115.00New Brunswick 13% $113.00Prince Edward Island 10% 5% $1.15$115.00Northwest Territories no PST 5% no H.S.T.

$105.00Nunavut no PST 5% no H.S.T. $105.00Yukon no PST 5% no H.S.T. $105.00

PST GST H.S.T. Total $100.00Provinces

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Item(s)Exempt from HST

prescription drugs, medical devices basic groceries other than alcohol, snack foods, sweetened

baked goods, restaurant meals and take-out foods agricultural and fishing supplies including:

fresh fish and other marine animals for human consumption poultry, livestock, raw wool and certain agricultural produce certain machinery and equipment designed for farmers or

fishermen health care, child care and legal aid services educational services provided by elementary and secondary

schools, publicly funded colleges and universities a broad range of supplies of a non-commercial nature by

charities, non-profit organizations

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Calculating Sales Tax in Ontario

The sales tax is always added on the total amount of your purchases upon cashing out.

On the “majority” of purchases you will be required to pay 13% tax on your purchases in Ontario.

Therefore you will always need to estimate the taxes on your potential purchases.

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13% H.S.T. in OntarioAs a decimal number .13

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These following items were bought at the Cambridge Wal-Mart over the weekend. Calculate the total price of the three toys including the HST.

Batman doll $17.89

Xbox football game for $9.99.

Spidy man doll that retails for $32.56

Page 7: Sales Tax

Sales Receipt ~ Wal-Mart Batman Doll$17.89

Xbox game $ 9.99

Spiderman Doll$32.56Total Sale: $60.44GST 6%0.06 x $60.44$ 3.63

PST 7%0.07 x $60.44$ 4.23

HST 13 % .13 x 60.44 $ 7.86Sale including taxes: $67.86