Quebec Sales Tax Formula:
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The Quebec sales tax (QST) is a provincial tax in Quebec, Canada. Combined with the federal GST, it makes up the total sales tax rate of 14.975% on most goods and services in Quebec.
The calculator uses the Quebec tax formula:
Where:
Details: Accurate tax calculation is essential for businesses and consumers to understand the true cost of purchases and ensure proper accounting.
Tips: Enter the pre-tax price in Canadian dollars (CAD). The calculator will compute both the tax amount and the total including tax.
Q1: Why is the rate 14.975% instead of 15%?
A: The QST is calculated on the price including GST, making the effective combined rate slightly less than the sum of the two rates.
Q2: Are all items taxed at this rate?
A: No, some items like basic groceries, prescription drugs, and certain services may be exempt or taxed at different rates.
Q3: How often does this tax rate change?
A: Tax rates are set by legislation and typically remain stable, but should be verified annually for updates.
Q4: Is this calculator suitable for business use?
A: While it provides accurate calculations, businesses should consult with accountants for official tax reporting.
Q5: Does this include municipal taxes?
A: No, this calculator only includes provincial (QST) and federal (GST) taxes. Some municipalities may have additional taxes.