Presentation on theme: "Sales Tax. Tax Break down in Canada British Columbia 12%$112.00 Albertano PST5% no H.S.T.$105.00 Saskatchewan5%5% no H.S.T.$110.00 Manitoba7%5% no H.S.T.$112.00."— Presentation transcript:
Tax Break down in Canada British Columbia 12%$112.00 Albertano PST5% no H.S.T.$105.00 Saskatchewan5%5% no H.S.T.$110.00 Manitoba7%5% no H.S.T.$112.00 Ontario 13%$113.00 Québec8%5% no H.S.T.$113.00 NFLD & Labrador 13%$113.00 Nova Scotia 15%$115.00 New Brunswick 13%$113.00 Prince Edward Island10%5% $1.15$115.00 Northwest Territoriesno PST5% no H.S.T.$105.00 Nunavutno PST5% no H.S.T.$105.00 Yukonno PST5% no H.S.T.$105.00 PSTGST H.S.T. Total $100.00Provinces
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
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.
13% H.S.T. in Ontario As a decimal number.13
Batman doll $17.89 Xbox football game for $9.99. Spidy man doll that retails for $32.56
Sales Receipt ~ Wal-Mart Batman Doll$17.89 Xbox game$ 9.99 Spiderman Doll$32.56 Total Sale:$60.44 GST 6% 0.06 x $60.44$ 3.63 PST 7% 0.07 x $60.44$ 4.23 HST 13 %.13 x 60.44$ 7.86 Sale including taxes: $67.86