Pst Calculator Ontario
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Reviewed by Calculator Editorial Team
Ontario's Provincial Sales Tax (PST) is a consumption tax applied to most goods and services sold in the province. This calculator helps you determine the PST amount for your purchases, understand how it's calculated, and compare it with other taxes.
What is Ontario PST?
Ontario's Provincial Sales Tax (PST) is a consumption tax that applies to most goods and services sold in the province. It's collected by retailers and remitted to the government. The PST rate varies by municipality and is typically applied to the pre-tax price of goods and services.
PST is different from the Harmonized Sales Tax (HST) in some provinces. In Ontario, PST is collected separately from the Goods and Services Tax (GST).
The PST is used to fund provincial programs and services. The revenue generated from PST helps support education, healthcare, infrastructure, and other provincial initiatives.
How to Calculate PST
Calculating PST is straightforward. The formula is:
PST Amount = Product Price × PST Rate
For example, if you buy a product priced at $100 and the PST rate is 8%, the PST amount would be:
$100 × 0.08 = $8
The total price including PST would be $108.
Ontario PST Rates
PST rates vary by municipality in Ontario. Here are some common rates:
| Municipality | PST Rate |
|---|---|
| Toronto | 8% |
| Ottawa | 8% |
| Mississauga | 8% |
| Brampton | 8% |
| Hamilton | 8% |
Most municipalities in Ontario have a PST rate of 8%. Some smaller municipalities may have different rates, so it's always best to check with your local government.
PST vs HST
Ontario's PST is different from the Harmonized Sales Tax (HST) found in other provinces. Here's how they compare:
| Feature | PST (Ontario) | HST (Other Provinces) |
|---|---|---|
| Tax Structure | Separate from GST | Combined tax |
| Collection | Collected by retailers | Collected by retailers |
| Remittance | To provincial government | To federal and provincial governments |
| Rate | Varies by municipality | Consistent across province |
In Ontario, PST is collected separately from the Goods and Services Tax (GST). This means that the total sales tax you pay is the sum of the PST and GST rates. For example, if the PST rate is 8% and the GST rate is 5%, the total sales tax rate would be 13%.
FAQ
What is the current PST rate in Ontario?
The PST rate in Ontario varies by municipality. Most municipalities have a PST rate of 8%. Some smaller municipalities may have different rates, so it's always best to check with your local government.
How is PST calculated?
PST is calculated by multiplying the product price by the PST rate. For example, if you buy a product priced at $100 and the PST rate is 8%, the PST amount would be $8.
Is PST included in the price of goods and services?
No, PST is typically added to the pre-tax price of goods and services. The total price including PST would be the product price plus the PST amount.
How is PST different from HST?
PST is different from HST in that it is collected separately from the Goods and Services Tax (GST) in Ontario. HST is a combined tax found in other provinces.
Where can I find the PST rate for my municipality?
You can find the PST rate for your municipality by checking with your local government or the Ontario government's website.