Sales Tax Calculator Ontario 2015
Calculate the Ontario sales tax for purchases made in 2015. This calculator helps you determine the total cost including the Harmonized Sales Tax (HST) that was in effect during that year.
How to Use This Calculator
Enter the price of your item before tax in the "Item Price" field. The calculator will automatically apply the 2015 Ontario sales tax rate to determine the total cost.
The result will show you both the sales tax amount and the final price including tax.
Ontario Sales Tax Rates in 2015
In 2015, Ontario had a Harmonized Sales Tax (HST) rate of 13%. This rate combined the provincial sales tax and the Goods and Services Tax (GST) into a single tax.
Formula
Total Price = Item Price × (1 + Tax Rate)
Sales Tax Amount = Item Price × Tax Rate
The HST rate was applied to most goods and services sold in Ontario during 2015.
How Sales Tax Works in Ontario
When you make a purchase in Ontario, the seller adds the HST to the price of the item. This total amount is what you pay at the checkout.
The HST is collected by the seller and remitted to the government. Businesses that sell taxable goods and services must charge the HST and collect it from their customers.
Worked Examples
Example 1: Calculating Sales Tax for a $50 Item
If you buy an item priced at $50 before tax:
- Sales Tax = $50 × 0.13 = $6.50
- Total Price = $50 + $6.50 = $56.50
Example 2: Calculating Sales Tax for a $100 Item
If you buy an item priced at $100 before tax:
- Sales Tax = $100 × 0.13 = $13.00
- Total Price = $100 + $13.00 = $113.00
FAQ
- What was the Ontario sales tax rate in 2015?
- The Harmonized Sales Tax (HST) rate in Ontario for 2015 was 13%.
- How is the Ontario sales tax calculated?
- The sales tax is calculated by multiplying the item price by the tax rate (13%) and adding it to the original price.
- Are there any exemptions from the Ontario sales tax?
- Yes, certain items such as prescription drugs, medical devices, and some basic groceries may be exempt from the HST.
- Was the Ontario sales tax rate different in 2015 compared to other years?
- Yes, the HST rate in Ontario has changed over the years. In 2015, it was 13%, but it has been adjusted in subsequent years.