Reverse HST Calculator Ontario Canada 2023, Ontario HST Calculator, Harmonized Sales Tax Calculator Ontario: HST Calculator is a straightforward and versatile calculator for determining Harmonized Sales Tax in any Canadian province that uses it. It can also be used as a reverse HST Calculator. To use the calculator, you simply need to select the province and input any known value, such as the HST amount, the price including HST, or the Price excluding HST. The Reverse HST Calculator will instantly calculate the other values for you. The current HST rates for each province are conveniently listed below the calculator.
HST Calculator Canada
Reverse HST Calculator Ontario – History
The Harmonized Sales Tax (HST) was first introduced in Canada in 1997 in three provinces, namely New Brunswick, Newfoundland and Labrador, and Nova Scotia. Reverse HST Calculator Ontario Later in 2010, HST was implemented in two additional provinces, Ontario and British Columbia.
In 2013, Prince Edward Island harmonized its Provincial Sales Tax (PST) with the federal Goods and Services Tax (GST) to introduce the HST. However, the province of British Columbia decided to replace HST with a separate GST / PST system.
Latest HST Rates of Canada Provinces 2023
|Province/Territory||HST Rate||Federal Part||Provincial Part|
|Newfoundland and Labrador||15%||5%||10%|
|Prince Edward Island||15%||5%||10%|
HST Introduced in Canada – HST Calculator
Overall, HST was Implemented in various Canadian provinces over time, but some provinces decided to make changes to their tax system, with British Columbia ultimately deciding to return to the GST/PST system. Ontario HST Calculator
Starting on July 1st, 2016, the HST rate in New Brunswick and Newfoundland and Labrador increased from the previous rate to 15%. Similarly, Prince Edward Island increased its HST rate from 10% to 15% on October 1st, 2016.
Currently, there are five Canadian provinces that have implemented the HST system, including New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, and Prince Edward Land. Reverse HST Calculator Ontario These provinces have harmonized their provincial sales tax with the federal goods and services tax to create a single, streamlined HST tax system. The current, HST rates in each province are subject to change over time based on various economic and political factors.