Ontario Hst Calculator 2017
In 2017, Ontario implemented the Harmonized Sales Tax (HST) as part of the province's tax reform. This calculator helps you determine how much HST applies to your purchases in Ontario during that year.
How Ontario HST Works in 2017
The Harmonized Sales Tax (HST) is a single sales tax that combines the previous provincial sales tax and the federal Goods and Services Tax (GST). In 2017, Ontario's HST rate was 13%.
The HST rate in Ontario was 13% in 2017. This rate applies to most goods and services sold in the province.
Key Points About Ontario HST in 2017
- HST replaced the previous Ontario sales tax and federal GST
- The rate was 13% for most goods and services
- Some items were zero-rated (taxed at 0%)
- Certain services were exempt from HST
Items Subject to HST in 2017
Most goods and services sold in Ontario were subject to HST in 2017. This included:
- Retail purchases
- Professional services
- Accommodation services
- Most digital services
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 to the original price to get the total cost.
HST Amount = Price × HST Rate
Total Cost = Price + HST Amount
Step-by-Step Calculation
- Determine the price of the item before tax
- Multiply this price by the HST rate (13% or 0.13)
- Add the HST amount to the original price
Example Calculation
If you buy a $100 item in Ontario in 2017:
- HST Amount = $100 × 13% = $13
- Total Cost = $100 + $13 = $113
Example Calculation
Let's look at a practical example to illustrate how HST works in Ontario during 2017.
Scenario: Purchasing a Laptop
Suppose you want to buy a laptop priced at $1,200 before tax. Here's how you would calculate the HST:
HST Amount = $1,200 × 13% = $156
Total Cost = $1,200 + $156 = $1,356
This means you would pay $1,356 in total for the laptop, with $156 going to HST.
Breakdown of the Calculation
| Description | Amount |
|---|---|
| Price before tax | $1,200.00 |
| HST (13%) | $156.00 |
| Total cost | $1,356.00 |
Frequently Asked Questions
- What was the HST rate in Ontario in 2017?
- The HST rate in Ontario was 13% in 2017 for most goods and services.
- How do I calculate HST?
- Multiply the price of the item by the HST rate (13%) to find the tax amount, then add this to the original price.
- Are there any items that are zero-rated for HST in Ontario?
- Yes, some items like basic groceries and prescription drugs were zero-rated (taxed at 0%) in 2017.
- Is HST included in the price of items in Ontario?
- No, HST is added to the price of items at the point of sale and is not included in the listed price.
- Can I claim HST back if I'm a business?
- Yes, businesses can claim HST back on their business expenses, but this requires proper documentation and accounting.