Hst Ontario Calculator 2017
In 2017, Ontario implemented the Harmonized Sales Tax (HST) as part of the province's tax reform. This calculator helps you determine the HST amount on purchases made in Ontario during that year.
What is HST in Ontario?
The Harmonized Sales Tax (HST) is a single sales tax that replaced Ontario's previous system of Goods and Services Tax (GST) and Provincial Sales Tax (PST). The HST combines both taxes into one rate, simplifying the tax system for consumers and businesses.
For 2017, the HST rate in Ontario was 13%. This rate applies to most goods and services sold in the province. Some items, like prescription drugs and medical devices, are exempt from HST.
How to Calculate HST
Calculating HST is straightforward. You multiply the price of the item by the HST rate to find the tax amount. Then, you add this amount to the original price to get the total cost.
HST Formula
HST Amount = Price × HST Rate
Total Cost = Price + HST Amount
For example, if you buy a $100 item with a 13% HST rate:
- HST Amount = $100 × 0.13 = $13
- Total Cost = $100 + $13 = $113
HST Rates in 2017
The standard HST rate in Ontario for 2017 was 13%. This rate applied to most goods and services sold in the province. Some exceptions include:
- Prescription drugs and medical devices (0% HST)
- Certain agricultural products (0% HST)
- Some services provided by non-profit organizations (0% HST)
Note
The HST rate may have changed in subsequent years. Always check the current rate when making purchases.
| Item Type | HST Rate (2017) |
|---|---|
| Most goods and services | 13% |
| Prescription drugs and medical devices | 0% |
| Agricultural products | 0% |
| Services by non-profit organizations | 0% |
How to Use This Calculator
Using this calculator is simple:
- Enter the price of the item you want to purchase.
- Select the applicable HST rate from the dropdown menu.
- Click the "Calculate" button to see the HST amount and total cost.
- Review the results and use them to make your purchase.
Tip
Always double-check the HST rate before making a purchase, as rates can change over time.
FAQ
What is the HST rate in Ontario for 2017?
The standard HST rate in Ontario for 2017 was 13%. This rate applied to most goods and services sold in the province.
Are there any items that are exempt from HST in Ontario?
Yes, some items are exempt from HST, including prescription drugs, medical devices, certain agricultural products, and services provided by non-profit organizations.
How do I calculate HST on a purchase?
Multiply the price of the item by the HST rate to find the tax amount. Then, add this amount to the original price to get the total cost.
Can the HST rate change over time?
Yes, the HST rate can change due to government decisions. Always check the current rate before making a purchase.