If you’re preparing your taxes this year, you’ll want to check out the GST QST Calculator. This free online tool can help you determine what GST (Goods and Services Tax) and QST (Quebec Sales Tax) will apply to your purchases.
What is GST/QST?
QST stands for the Harmonized Sales Tax or Quebec Sales Tax. It is a tax levied on selling goods and services in Canada. It comprises two parts: the standard GST and the Quebec provincial QST.
The standard GST is charged on all taxable goods and services at a rate of 15%. The QST portion of the tax is charged on certain items at a rate of 5%.
How do I calculate my GST/QST liability?
You can use our online calculators to estimate your liability if you are registered for GST or QST.
How Does the GST/QST Calculator Work?
The GST/QST calculator considers the goods and services tax (GST) and the provincial sales tax (QST).
To use the GST/QST calculator, input the information related to your purchase, such as the price of the item(s), the quantity purchased, and the taxable jurisdiction. You can also enter any applicable discounts or allowances.
Once you have completed all your input, click on the “Calculate” button to estimate how much money you’ll need to pay in taxes. You can verify your calculations by clicking on the “Show Result” button.
FAQ for the GST/QST Calculator
What is the GST/QST calculator?
The GST/QST calculator is a handy tool that can help you figure out how much tax you’ll pay on your purchases if you’re subject to the GST or the QST. The calculator takes a few inputs, including your province and territory of residence, and then estimates how much tax you owe based on your purchase totals.
Is the GST/QST Calculator accurate?
The calculator is designed to estimate your tax liability, not to be 100% accurate. So, while it may provide an approximation of how much tax you’ll owe, there may be small variations from one individual to another. If you have any questions about the contents or accuracy of the calculator, please contact your provincial or territorial government’s Revenue Canada office for more information.