Ontario Gst Calculator

Ontario's Goods and Services Tax (GST) is a consumption tax applied to most goods and services sold in the province. This calculator helps you determine how much GST applies to your purchases and sales in Ontario.

How Ontario GST Works

Ontario's Goods and Services Tax (GST) is a provincial sales tax that applies to most goods and services sold in the province. The GST is collected by retailers and paid to the Ontario government.

When you make a purchase in Ontario, the seller adds the applicable GST rate to the price. This total amount is what you pay, and the seller then remits the GST portion to the government.

GST is different from the federal Goods and Services Tax (GST/HST) that applies in some provinces. In Ontario, the provincial GST rate is applied in addition to the federal GST rate.

How to Calculate GST

Calculating GST is straightforward. You multiply the price of the item by the GST rate to find the tax amount. Then you add this amount to the original price to get the total cost.

GST Amount = Price × GST Rate Total Cost = Price + GST Amount

For example, if you buy a $100 item with a 5% GST rate:

GST Amount = $100 × 0.05 = $5 Total Cost = $100 + $5 = $105

Ontario GST Rates

In Ontario, the standard GST rate is 5%. This rate applies to most goods and services. Some items may be subject to a higher rate or be exempt from GST.

Ontario also has a Harmonized Sales Tax (HST) rate of 13% for most goods and services. This is the sum of the federal GST (5%) and the provincial sales tax (8%).

GST Exemptions in Ontario

Not all goods and services are subject to GST in Ontario. Some items are exempt from the tax, including:

Basic food and groceries
Prescription drugs
Medical services
Financial services
Certain services provided by non-profit organizations

For a complete list of GST exemptions, you should consult the Ontario government's tax regulations.

Frequently Asked Questions

What is the current GST rate in Ontario?: The current standard GST rate in Ontario is 5%. Some items may be subject to a higher rate or be exempt from GST.
How do I calculate GST on a purchase?: To calculate GST, multiply the price of the item by the GST rate (5% for most items) and add this amount to the original price.
Are there any items that are exempt from GST in Ontario?: Yes, some basic food and groceries, prescription drugs, medical services, financial services, and certain services provided by non-profit organizations are exempt from GST.
What is the difference between GST and HST in Ontario?: In Ontario, the Harmonized Sales Tax (HST) is the sum of the federal GST (5%) and the provincial sales tax (8%), totaling 13%. The provincial GST rate is 5%.
Where can I find more information about Ontario GST?: For more detailed information about Ontario GST, you can visit the Ontario government website.