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| *The Commerce Journal>>>Canada Taxes |
How much is tax in Ontario now? |
How much is tax in Ontario now? GST - 6% PST - 8% Total - 14% It went from 15% down to 14% a little over a year ago. What kind of tax? Which tax? provincial sales tax is 8%. Goods and services tax charged by the federal government is 6%. Combined it is 14%. If you are not a resident of Canada, you can get a rebate of this 6%. If you are purchasing something from outside of Canada or are shipping to an address outside of Canada, neither tax should be charged or paid. http://www.cra-arc.gc.ca/e/pub/tg/rc4031... What kind of tax? When purchasing a taxable item, you must pay 8% Ontario Retail Sales Tax and 6% Federal Tax on that item...that is a total of 14% over the asking price.....of course, there are MANY hidden taxes in the original asking price that you don't see. If you are talking the PST and GST combined, then it is 14% (PST = 8% , GST = 7%) |
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