Canada GST Calculator

Canada collects VAT as Goods and Service Tax (GST) and was taxed at a standard rate of 5%. Multi level value added tax was introduced in Canada on January 1, 1991. Most Canadian provinces have merged their sales tax with GST as Harmonized Sales Tax (HST). Provinces New Brunswick, Newfoundland, Labrador, Ontario HST at 13%. Prince Edward Island has 14% HST. Nova Scotia has 15% HST.

Canadian VAT (Sales Tax) Calculator

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Canada collects VAT as Goods and Service Tax (GST) and was taxed at a standard rate of 5%. Multi level value added tax was introduced in Canada on January 1, 1991. Most Canadian provinces have merged their sales tax with GST as Harmonized Sales Tax (HST). Provinces New Brunswick, Newfoundland, Labrador, Ontario HST at 13%. Prince Edward Island has 14% HST. Nova Scotia has 15% HST.

Formula:

Add Tax Tax Amount = ( Original Cost * VAT% ) / 100 Net Price = Original Cost + Tax Amount
Remove Tax Tax Amount = Original Cost - ( Original Cost * ( 100 / ( 100 + VAT% ) ) ) Net Price = Original Cost - Tax Amount

Three provinces British Columbia, Manitoba, Saskatchewan continue to impose a separate sales tax at retail level. Yukon, Northwest Territories and Nunavut do not impose provincial sales tax (GST).

Example

Find the VAT price and net price in Canada (GST % is 5) for an amount of 25000 $

Add Tax

Solution :
GST % = 5
Amount = 25000

Step 1 :
GST Price = (25000 * 5 ) / 100
     = 1250 $

Step 2 :
Net Price = 25000 + 1250
     = 26250 $

Hence the VAT Price is 1250 $ and Net Price is 26250 $

Remove Tax

Solution :
GST % = 5
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 5)))
                 = 25000 - (25000 * 0.95)
                 = 25000 - 23809.52
                 = 25000 - 23809.52
GST Price = 1190.48 $

Step 2 :
Net Price = 25000 - 1190.48
                = 23809.52 $

Hence the VAT Price is 1190.48 $ and Net Price is 23809.52 $

Three provinces British Columbia, Manitoba, Saskatchewan continue to impose a separate sales tax at retail level. Yukon, Northwest Territories and Nunavut do not impose provincial sales tax (GST).


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