Hst Calculator Ontario 2018

Ontario's Harmonized Sales Tax (HST) is a combined sales tax and Goods and Services Tax (GST) that applies to most goods and services sold in the province. This calculator helps you determine the HST amount for purchases made in Ontario during 2018.

What is HST in Ontario?

Harmonized Sales Tax (HST) is a single tax rate that combines the provincial sales tax and the federal Goods and Services Tax (GST). In Ontario, HST replaced the previous system of separate provincial and federal taxes in 2010.

In 2018, the HST rate in Ontario was 13%. This rate applies to most goods and services sold in the province, with some exceptions for specific items.

Key Points About HST

HST is charged on the selling price of most goods and services
The rate is the same for both provincial and federal components
HST is included in the final price you pay
Some items are exempt from HST, such as basic groceries and prescription drugs

How to Calculate HST

The calculation of HST is straightforward. The formula is:

HST Amount = Price × HST Rate

Where the HST Rate is 13% (0.13) for 2018.

To find the total amount including HST, you can use this formula:

Total Amount = Price + (Price × HST Rate)

Or simplified as: Total Amount = Price × (1 + HST Rate)

Step-by-Step Calculation

Determine the price of the item before tax
Multiply the price by the HST rate (0.13)
Add the HST amount to the original price to get the total amount

Remember that HST is included in the price you see on price tags. You don't need to add it separately unless you're calculating the tax amount for accounting purposes.

Example Calculation

Let's say you buy a pair of shoes priced at $100 before tax. Here's how to calculate the HST and total amount:

HST Amount = $100 × 0.13 = $13

Total Amount = $100 + $13 = $113

So, the total cost including HST would be $113.

Breakdown of the Example

Description	Amount
Price before tax	$100.00
HST (13%)	$13.00
Total Amount	$113.00

Frequently Asked Questions

What is the current HST rate in Ontario?: The HST rate in Ontario is currently 13%. This rate applies to most goods and services sold in the province.
Are there any items that are exempt from HST?: Yes, some basic food items, prescription drugs, and medical supplies are exempt from HST. There are also specific exemptions for certain services.
How do I calculate HST on a purchase?: Multiply the price of the item by the HST rate (0.13) to find the tax amount, then add it to the original price to get the total amount.
Is HST included in the price I see on price tags?: Yes, HST is included in the price you see on price tags. The price you pay is the total amount including tax.
Can I get a refund on HST paid?: HST is a consumption tax, and once paid, it's not typically refundable. However, there are some exceptions for specific situations like returns or cancellations.