As a business owner, it’s important that you collect the correct amount of sales tax from your buyers. Use this sales tax calculator to figure out the different rates within each Canadian province. Scroll down for more information on how to use this tool.
In Canada, a Provincial Sales Tax (P.S.T.) is levied by the provinces. There are also two taxes levied by the federal government: Harmonized Sales Tax (H.S.T.) and Goods and Services Tax (G.S.T.) The G.S.T. rate is 5%.
In the U.S., there’s no national sales tax. Forty-five states and the District of Columbia levy general sales taxes that apply to the sale or lease of most goods and some services. Within the U.S. the definitions of retail sales and taxable items vary among the states.
To calculate your sales tax with this free calculator, follow these instructions:
There are 2 main elements of a sales tax report that you should be aware of:
You can find these easily if you sign up for Wave and check your Sales Tax Report dashboard. You can find more information about the Sales Tax Report dashboard here.
There are 2 main elements of a sales tax report that you should be aware of:
You can find these easily if you sign up for Wave and check your Sales Tax Report dashboard. You can find more information about the Sales Tax Report dashboard here.
What are the sales tax rates in each province and territory in Canada?
Why do sales taxes exist?
Do I need to charge sales tax to my customers?
Powerful accounting software that has everything you need to confidently run your business
