How is hst calculated

Mortgage Tools. Real Estate Guides. All Taxes. On This Page. Some provinces such as Alberta and also all territories do not charge a PST. Amount before taxes. Best Mortgage Rates in Canada. New: Buying a property. Refinance: Changing your mortgage amount. If you were selling it in Nova Scotia, its price would be calculated as:. Whereas in Ontario, the price would be:. An invoice for the wind chime if you sold it in any of these places would simply be:.

For example, in Manitoba, the Retail Sales Tax is 8 percent. The total selling price includes delivery, mailing, transportation, or handling charges. So in this case your sale of the wind chime would be calculated as:. If you qualify as a Small Supplier, in some provinces you won't have to add any taxes at all but be careful because not all provinces exempt their Small Suppliers from PST.

Some goods and services are exempt or zero-rated, which means that you do not charge HST on the customer invoice. For example, products such as cigarettes and alcohol are subject to excise taxes from the provincial and federal governments. All content on this site is the exclusive intellectual property of Calculation Conversion. Get current local time Time Zone and Date , to get the current local time of any place in the world. Ontario Insurance premium tax calculator Ontario.

See Resource for more details. These exceptions include used vehicle sales, boats and aircraft, as well as insurance. While revenues from the HST are shared between the province of Ontario and the federal government, all revenues from the RST go directly and only to the Ontario government.

This tax is different and separate from the HST. All revenues from the RST will go directly to the province of Ontario. This tax will apply to all used vehicle sales in Ontario as well as of cars that are imported into Ontario from other provinces or outside Canada. Even if the previous owner paid HST when they bought the vehicle, you will have to pay HST again on the purchase from the previous owner.