The tax calculator comes handy in calculating the GST, PST or QST for any amount in any of the province. The calculation can be done based on the data provided by the CRA or Revenue Quebec. Once you have the result or the calculations, they can be applied to other provinces by comparing the results.
Note: For Quebec, as of January 1, 2013, the QST will be calculated on the selling price excluding GST, but to compensate it will be increased to 9.975%, which makes no difference for the tax payer since the total will be the same amount. For Prince Edward Island, the calculation will stay the same as 2012 until April 2013.
The federal and the provincial government impose taxes on the residents of Canada. The three main types of taxes are the Goods and services tax (GST), Provincial Tax (PST) and the Harmonized tax (HST).
GST- The GST is equivalent to 5% of its base price and is applied on certain goods and services, barring the ones, which are either exempted or are zero-rated. So if any good that you purchase falls in the category of tax imposed good and services, and the amount of the same is $ 80, you need to pay $85 according to the GST tax. The CRA is the agency that mandates the collection of the GST in Canada. In Quebec however, the collection of GST is mandated by Revenue Quebec.
PST or Provincial Tax or QST or Quebec Sales Tax in the province of Quebec is a type of retail sales tax, which is applied on a provincial level. PST is also called Retail Sales Tax (RST). Each province varies from amount to amount when charging their customers.
HST or Harmonized Sales Tax: It is a single tax that replaces the combination of GST and PST. It is to simplify the complexity that taxes bring along with them. This tax type demands the residents of Canada to only pay one type of tax, which is the HST and not get confused between GST and PST both. The current rate of HST is 13% in Ontario, however, the percentage is 15 in other provinces and is a combination of the federal and the provincial tax. There are two types of exemptions for HST: direct exemptions and zero-rated goods and services
On March 23, 2017, the Saskatchewan PST as raised from 5% to 6%. (see the article).
Tax rate for all canadian remain the same as in 2016. In fact, the last increase in HST was for Prince Edward Island (a raise of 1%) on october 1st 2016 (see the article).
|Canada’s Province||Rate type (HST, GST, PST)||Provincial rate||Canada rate||Total|
|British Columbia (BC)||GST+PST||7%||5%||12%|
|Newfoundland and Labrador||HST||10%||5%||15%|
|Prince Edward Island (PEI)||HST||10%||5%||15%|
|Québec||GST + QST||9.975%||5%||14.975%|
|Saskatchewan||GST + PST||6%||5%||11%|