Best Ontario Sales Tax Calculator - Comparewise

Ontario Sales Tax Calculator

Did you know that Canada has three different kinds of sales taxes? Not only that but the PST is known by distinct names in each province that levies it.

Ontario, one of Canada’s provinces, imposes a 13% Harmonized Sales Tax (HST). In Ontario, most goods and services are subject to the HST while some are exempt or eligible for rebate.

Ontario began implementing the HST on July 1st, 2010. HST is formed by the combination of both federal sale tax and provincial sale tax. The Federal sale tax is charged at the rate of 5% and the provincial sale tax is charged at the rate of 8%.

Tax on retail sales (RST)

In Ontario, several goods and services that are exempt from HST are subject to the Retail Sales Tax (RST). These exceptions include sales of secondhand cars, boat and airplane purchases, and insurance.

The revenue generated from the HST tax is therefore divided between the federal government and the province of Ontario; whereas, the Retail Sale Tax (RST)  revenue belongs to the Ontario government.

Special sales tax on cars, trucks, and other vehicles

In Ontario, it is a necessity that you pay a 13% Retail sale tax every time you register a used vehicle. This tax is calculated independently and is not included in the HST. The Ontario government will receive all RST proceeds.

The Purchase Price or the Wholesale Worth of the Vehicle, whichever is higher, should be used to determine the value of the vehicle.

This tax will be imposed on all used vehicle sales in Ontario and vehicles that are imported from another Even if they had paid HST when they bought the car, they would have to pay it again when the previous owner sells it to them.

This tax will be imposed on subsequent sales and owners if you decide to sell the vehicle.

on sales tax calculator - comparewise

Ontario taxes on sales revenues

The budget for Ontario is heavily reliant on sales taxes. Sales taxes like the HST and RST are anticipated to generate $28.1 billion in revenue for the 2019 fiscal year or 26.5% of all taxes collected in Ontario.

How to calculate sale tax in Ontario

Sales tax computation is easy to understand. To calculate the amount of sales tax you collect, first, convert the sales tax percentage to a decimal figure and then multiply the cost of the item by the decimal value.

Sometimes it’s easy to figure out a sales tax percentage, like a 10% tax rate. 10% of $12.00, for instance, equals $1.20. The sum of the numbers yields a final sales price with a tax of $13.20.

You may be interested in using the formula if you notice that the amount of items like $13.52 is challenging to calculate or if the sales tax rate has quarter points in it, like 9.75%.

The sales tax calculation is a straightforward algebraic problem that requires converting a percentage to a decimal and multiplying the result by the item’s price to arrive at the final sales tax amount.

The equation looks like this when it is written out:

Sales tax rate = Sales tax percent / 100

Therefore, Sales tax = List price x Sales tax rate.

Ontario discounts and HST exemptions

The provincial HST also does not apply to a wide variety of goods and services. These groups of goods and services consist of:

These groups consist of:

  • Newspapers on paper
  • Audiobooks among the novels
  • apparel, shoes, car seats, and booster seats for kids
  • Diapers
ontario sales tax calculator - comparewise

How is Ontario sales tax calculated and paid?

Net income is total earnings less all individual taxpayers’ stated deductions and allowances. Use your preferred Ontario tax calculator to determine your net salary for the province of Ontario.

This tool makes figuring out your net wage simple. You should provide your annual gross salary.

Here is how to determine your Ontario net income step-by-step:

You can calculate your taxable income by subtracting any pre-tax benefits contributions. You must be aware of your gross annual salary in order to compute your net income in Ontario.

To do this, you can use any salary calculator in Ontario that you like. Pay close attention to deducting any pre-tax benefit payments from your yearly gross income. Your taxable income will be decreased by the pre-tax deductions.

Retain every relevant tax (federal and provincial). Visit your place of employment or self-employment and ask for the tax slips that correspond to your gross annual salary.

To determine your net income, use the payroll stubs and subtract any relevant federal and provincial taxes.

Subtract any post-tax benefits contributions. If you wish to deduct RRSP contributions, subtract the amount from your net income in order to determine your taxable income.

If necessary, garnish earnings. You must include this sum as a taxable salary if your employer deducts any type of garnishment from your pay. This is done to prevent tax evasion and overestimation of benefits you might receive, such as spousal support and child support payments.

Net income is the outcome. You will be left with your net income, sometimes referred to as your take-home pay, after completing these processes.

You might also like…

Item Amount (Max. $100,000,000)

Price is

Province

Result

Total Amount
Tax Paid

You will in taxes. Therefore, the total amount paid is .

Ontario Sales Tax Calculator

Did you know that Canada has three different kinds of sales taxes? Not only that but the PST is known by distinct names in each province that levies it.

Ontario, one of Canada’s provinces, imposes a 13% Harmonized Sales Tax (HST). In Ontario, most goods and services are subject to the HST while some are exempt or eligible for rebate.

Ontario began implementing the HST on July 1st, 2010. HST is formed by the combination of both federal sale tax and provincial sale tax. The Federal sale tax is charged at the rate of 5% and the provincial sale tax is charged at the rate of 8%.

Tax on retail sales (RST)

In Ontario, several goods and services that are exempt from HST are subject to the Retail Sales Tax (RST). These exceptions include sales of secondhand cars, boat and airplane purchases, and insurance.

The revenue generated from the HST tax is therefore divided between the federal government and the province of Ontario; whereas, the Retail Sale Tax (RST)  revenue belongs to the Ontario government.

Special sales tax on cars, trucks, and other vehicles

In Ontario, it is a necessity that you pay a 13% Retail sale tax every time you register a used vehicle. This tax is calculated independently and is not included in the HST. The Ontario government will receive all RST proceeds.

The Purchase Price or the Wholesale Worth of the Vehicle, whichever is higher, should be used to determine the value of the vehicle.

This tax will be imposed on all used vehicle sales in Ontario and vehicles that are imported from another Even if they had paid HST when they bought the car, they would have to pay it again when the previous owner sells it to them.

This tax will be imposed on subsequent sales and owners if you decide to sell the vehicle.

on sales tax calculator - comparewise

Ontario taxes on sales revenues

The budget for Ontario is heavily reliant on sales taxes. Sales taxes like the HST and RST are anticipated to generate $28.1 billion in revenue for the 2019 fiscal year or 26.5% of all taxes collected in Ontario.

How to calculate sale tax in Ontario

Sales tax computation is easy to understand. To calculate the amount of sales tax you collect, first, convert the sales tax percentage to a decimal figure and then multiply the cost of the item by the decimal value.

Sometimes it’s easy to figure out a sales tax percentage, like a 10% tax rate. 10% of $12.00, for instance, equals $1.20. The sum of the numbers yields a final sales price with a tax of $13.20.

You may be interested in using the formula if you notice that the amount of items like $13.52 is challenging to calculate or if the sales tax rate has quarter points in it, like 9.75%.

The sales tax calculation is a straightforward algebraic problem that requires converting a percentage to a decimal and multiplying the result by the item’s price to arrive at the final sales tax amount.

The equation looks like this when it is written out:

Sales tax rate = Sales tax percent / 100

Therefore, Sales tax = List price x Sales tax rate.

Ontario discounts and HST exemptions

The provincial HST also does not apply to a wide variety of goods and services. These groups of goods and services consist of:

These groups consist of:

  • Newspapers on paper
  • Audiobooks among the novels
  • apparel, shoes, car seats, and booster seats for kids
  • Diapers
ontario sales tax calculator - comparewise

How is Ontario sales tax calculated and paid?

Net income is total earnings less all individual taxpayers’ stated deductions and allowances. Use your preferred Ontario tax calculator to determine your net salary for the province of Ontario.

This tool makes figuring out your net wage simple. You should provide your annual gross salary.

Here is how to determine your Ontario net income step-by-step:

You can calculate your taxable income by subtracting any pre-tax benefits contributions. You must be aware of your gross annual salary in order to compute your net income in Ontario.

To do this, you can use any salary calculator in Ontario that you like. Pay close attention to deducting any pre-tax benefit payments from your yearly gross income. Your taxable income will be decreased by the pre-tax deductions.

Retain every relevant tax (federal and provincial). Visit your place of employment or self-employment and ask for the tax slips that correspond to your gross annual salary.

To determine your net income, use the payroll stubs and subtract any relevant federal and provincial taxes.

Subtract any post-tax benefits contributions. If you wish to deduct RRSP contributions, subtract the amount from your net income in order to determine your taxable income.

If necessary, garnish earnings. You must include this sum as a taxable salary if your employer deducts any type of garnishment from your pay. This is done to prevent tax evasion and overestimation of benefits you might receive, such as spousal support and child support payments.

Net income is the outcome. You will be left with your net income, sometimes referred to as your take-home pay, after completing these processes.

You might also like…

Discover Investment Opportunities

Make your money do more.

12 Results

Advertiser disclosure

Offers shown here are from third-party advertisers. We are not an agent, representative, or broker of any advertiser, and we don’t endorse or recommend any particular offer. Information is provided by the advertiser and is shown without any representation or warranty from us as to its accuracy or applicability. Each offer is subject to the advertiser’s review, approval, and terms. We receive compensation from companies whose offers are shown here, and that may impact how and where offers appear (and in what order). We don’t include all products or offers out there, but we hope what you see will give you some great options.

Young investors can trade stocks and ETFs, all for free.
Min Investment
$0
Target Return
Varied
Get up to $2,200 in welcome rewards
Min Investment
$1
Target Return
Varied
Invest in a 3.25% 5-year GIC today.
Min Investment
$500
Target Return
4.90%
Flexibility with a great return.
Min Investment
$100
Target Return
5.05%
Get up to $150 cash bonus
Min Investment
$0
Target Return
Varied
High return on a shorter term.
Min Investment
$500
Target Return
4.25%
Sign up & Get $20 in BTC
Min Investment
$1
Target Return
Varied
Buying and securing gold has never beeng more simple and affordable.
Min Investment
$1
Target Return
Varied
Buy and sell gold, silver & platinum online at the best price.
Min Investment
$1
Target Return
Varied
Retire up to 30% wealthier with Questwealth Portfolio.
Min Investment
$1
Target Return
Varied
Get a $100 welcome bonus, when you make your top-up*
Min Investment
$10
Target Return
Varied
Get $25 bonus with code: 9APOU9
Min Investment
$1
Target Return
Varied

comparewise

June 17, 2023
Fact Checked

Browse calculators by type

Check out business loan calculators on Comparewise...

Check out car loan calculators on Comparewise to s...

Check out date and time calculators on Comparewise...

Check out health calculators on Comparewise to see...

It's never been easier to calculate your monthly p...

Check out our investment calculators to see how mu...

Check out mathematics calculators on Comparewise t...

Check out mortgage calculators to see what you can...

Our personal finance calculators help you compare ...

Check out our personal loan calculators to see wha...

Check out retirement calculators on Comparewise to...

Check out student calculators to check your GPA an...

Check out tax calculators to see different income ...

Ontario sales tax calculator FAQs

How to calculate sales tax in Ontario?

For a faster means of calculating the tax levied on your sales in Ontario, you can make use of the Ontario sales calculator.

How to calculate Ontario sales tax?

A sales tax is determined as a percentage rate on the product’s base selling price. Therefore, use the following formula if you are interested in calculating the sales tax amount:

Tax Amount = Price before Taxes x tax rate

How do I calculate sales tax in Ontario?

Without sales tax amount x HST rate/100 = HST amount in Ontario.
Total with sales taxes = amount without sales tax + Amount for HST

Example:

  • 100$ x (13/100) = 13$
  • 100$ x (13/100) = 13$
How is Ontario sales tax calculated?

In Ontario, it is quite simple and easy to calculate sales tax. The first thing to do is to convert the sale tax percentage to a decimal by dividing it by 100 to get the sales tax rate. Then to get the sales tax owed, you need to multiply the list price by the sales tax rate.

You may also like:

The Canada Child Benefit provides tax-free monthly payments to qualified families to su...
Like the final exam in many courses, midterm exams often carry the same or a similar le...
The Ontario Student Assistance Program (OSAP) is a financial assistance scheme that can...
The high school grade point average calculator is one of the essential tools for studen...
A grade calculator is a great tool that provides an accurate percentage or standing to ...
Car loan?
Personal Loan?

Top deals await you just a short
application away!