Reverse Hst Calculator Ontario 2020

What is Reverse HST?

Reverse HST is the process of calculating the original price before HST was added. This is useful when you have a final price that includes HST and need to determine what the original amount was before tax was applied.

In Ontario, the HST rate in 2020 was 13%. This means that for every $100 of goods or services, $13 was added as tax. The Reverse HST calculation helps you find out how much of the final price was the original amount before tax.

How to Use This Calculator

Using this Reverse HST Calculator is simple:

1. Enter the final price including HST in the "Final Price" field.
2. Select the HST rate from the dropdown (13% for 2020).
3. Click the "Calculate" button to see the original price before HST.
4. The calculator will display the original price and show how much was paid in HST.

You can also use the "Reset" button to clear all fields and start over.

Formula Explained

The formula to calculate the original price before HST is:

Where:

• Final Price = The total amount including HST
• HST Rate = The tax rate (13% for 2020)

For example, if the final price is $113 and the HST rate is 13%, the original price would be calculated as:

Worked Example

Let's say you have a final price of $113 including HST. Here's how to find the original price:

1. Enter $113 in the "Final Price" field.
2. Select 13% from the HST Rate dropdown.
3. Click "Calculate".

The calculator will show:

• Original Price: $100.00
• HST Amount: $13.00

This means the original price before HST was $100, and $13 was added as HST.