Ontario Sales Calculator
Calculate the total cost of a product or service in Ontario including all applicable taxes. This calculator helps you determine the Harmonized Sales Tax (HST), Provincial Sales Tax (PST), and Goods and Services Tax (GST) for your purchase.
How to Use This Calculator
Using the Ontario Sales Calculator is simple:
- Enter the original price of the product or service in the "Original Price" field.
- Select the applicable tax rate from the dropdown menu.
- Click the "Calculate" button to see the total cost including tax.
- Review the breakdown of taxes and the final total cost.
The calculator will display the total cost including the selected tax rate. You can also view a breakdown of the taxes applied and the final total cost.
Formula Used
The Ontario Sales Calculator uses the following formula to calculate the total cost including tax:
Total Cost = Original Price + (Original Price × Tax Rate)
Where:
- Original Price is the price of the product or service before tax.
- Tax Rate is the applicable tax rate for the purchase.
For example, if the original price is $100 and the tax rate is 13% (HST), the total cost would be $113.
Worked Example
Let's walk through an example to see how the Ontario Sales Calculator works.
Example Calculation
Suppose you want to purchase a product with an original price of $150. The applicable tax rate in Ontario is 13% (HST).
- Enter $150 in the "Original Price" field.
- Select "13% (HST)" from the tax rate dropdown.
- Click the "Calculate" button.
The calculator will display the following results:
- Original Price: $150.00
- Tax Rate: 13%
- Tax Amount: $19.50
- Total Cost: $169.50
This means the total cost of the product including 13% HST is $169.50.
Frequently Asked Questions
What is the Harmonized Sales Tax (HST) in Ontario?
The Harmonized Sales Tax (HST) is a combined sales tax that includes the Goods and Services Tax (GST) and the Provincial Sales Tax (PST). In Ontario, the HST rate is 13%.
How do I calculate the total cost including tax?
Use the Ontario Sales Calculator by entering the original price and selecting the applicable tax rate. The calculator will display the total cost including tax.
Can I use this calculator for both products and services?
Yes, the Ontario Sales Calculator can be used for both products and services. Simply enter the original price and select the applicable tax rate.