Calculators

Calculate the Reverse Ontario sales taxes HST

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CURRENT HST RATE FOR ONTARIO IN 2020

The HST for Ontario is calculated from Ontario rate (8%) and Canada rate (5%) for a total of 13%. This rate is the same since July 1st 2010.

No change on the HST rate as been made for Ontario in 2020.

FORMULA FOR REVERSE CALCULATING HST IN ONTARIO

Amount with sales tax / (1+ (HST rate/100)) = Amount without sales tax
Amount without sales tax x (HST rate/100) = Amount of HST in Ontario

Example

100$ / (1+(13/100)) = 88.50$ (88,495575$)

88,495575$ x (13/100) = 11.50$

Note: The amount without sales tax of Ontario in this situation should not be rounded before the HST is calculated.

The Harmonized Sales Tax (HST) is just a consumption tax in Canada. The Harmonized Sales Tax (HST) is used in provinces where both the federal goods and services tax (GST) and the regional provincial sales tax (PST) are amalgamates into a single a sales tax.

To calculate the HSt in the province of Ontario, the calculator comes pretty handy where all the calculations can be made in a jiffy. The calculator is a pretty effective one as it not only calculates the HST but also reverses the calculations i.e. calculates sub-totals from the totals. The calculator has two tabs and you can input the field. The first tab lets you calculate the sales tax on a subtotal whereas the second tab reverses the calculation and gives you the sub-totals from the total.

Ontario uses the combined HST, which is charged regardless of the Canadian buyer’s province. The current HST rate in Ontario is 13%.

HARMONIZED REVERSE SALE TAX CALCULATION FOR ALL THE PROVINCES OF CANADA

Regarding the sale of books, only the GST must be taken into consideration in this type of calculation. However, in some provinces, the Harmonized Sales Tax (HST) must be used.

HST EXEMPTIONS OR REBATES FOR ONTARIO

There are some items in Ontario that don’t need sales taxes such as basic groceries, some drugs, child car and more.

MARGIN OF ERROR FOR HST SALES TAX

An error margin of $ 0.01 may appear in reverse calculator of Canada HST, GST and PST sales tax.

Due to rounding of the amount without sales tax, it is possible that the method of reverse calculation charges does not give ($ 0.01 to close) the total of sales tax used in every businesses.

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