GST Calculator

There may be a time that you will need to find the GST/HST part of an amount when preparing your tax returns. The following tool can be of assistance. <Info@Business-Prescriptions.com>

Keep in mind the value of the GST/HST changes at the whim of the government, make sure you are using the correct GST/HST/Province rate for the time period of the amount you are dealing with. Clicking the "Reset" button, resets everything to the default values.

Enter or change the amount in the "Gross Price" column and hit the "Tab" key.
* Please select the appropriate GST/HST/Province rate and Year below *

To find the HST rate at 12% (British Columbia - 2010)
Sample:		Yours:
Gross Price	113.00	Gross Price
HST @ 12%	12.11	HST @ 12%
Net amount	100.89	Net amount

To find the HST rate at 13% (Ontario - 2010)
Sample:		Yours:
Gross Price	113.00	Gross Price
HST @ 13%	13.00	HST @ 13%
Net amount	100.00	Net amount

To find the GST rate at 5% (year 2008 and onward)
Sample:		Yours:
Gross Price	113.00	Gross Price
GST @ 5%	5.38	GST @ 5%
Net (incl. PST)	107.62	Net (incl. PST)

To find the GST component at 6% (year 2007)
Sample:		Yours:
Gross Price	113.00	Gross Price
GST @ 6%	6.40	GST @ 6%
Net (incl. PST)	106.60	Net (incl. PST)

To find the GST component at 7% (year 2006)
Sample:		Yours:
Gross Price	113.00	Gross Price
GST @ 7%	7.39	GST @ 7%
Net (incl. PST)	105.61	Net (incl. PST)

The above formulas ONLY work for purchases in ONTARIO. After July 1, 2010 the GST will be rolled in with the PST and referred to as the HARMONIZED TAX.