Ostroff, Fair and Company
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How does one caculate the gst/pst to a total of sale?



How does one caculate the gst/pst to a total of sale?

In Ontario the PST equals 8% of the item purchased.
GST is 6% (after July 1/06). In Ontairo the taxes are not calculated on top of each other.
Ex. Cost of good/service $100.00
PST (100 x .08) 8.00
GST (100 x .06) 6.00
Total price 114.00
Try the Canada One site:

http://www.canadaone.com/ezine/oct03/gst...
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