Their Caculation is correct. you can get the information from http://www.revenu.gouv.qc.ca
Acturually it should be 100*8%=8 108*7.5%=8.1. Total 16.1, so $1.1 more than $15 in Ontario
Their Caculation is correct. you can get the information from http://www.revenu.gouv.qc.ca[/url]
Acturually it should be 100*8%=8 108*7.5%=8.1. Total 16.1, so $1.1 more than $15 in Ontario
Most property and services are subject to the GST and the QST. The GST is calculated on the selling price at the rate of 7%. The QST is calculated on the selling price (including the GST) at the rate of 7.5%.
Example The taxes are calculated as follows on a taxable item with a selling price of $100:
Selling price $100.00
GST ($100 x 7%) $7.00
QST ([$100 + $7] X 7.5%) $8.03
Total $115.03
So. the actual tax rate should be 15.03%, near to Ontario's tax rate