A tool designed to compute the sales taxes applicable to retail purchases across Canada. This functionality accounts for the varying provincial and territorial tax rates, including Goods and Services Tax (GST), Provincial Sales Tax (PST), and Harmonized Sales Tax (HST). For example, the total cost of a $100 item in Ontario, which has an HST rate of 13%, would be $113 after tax calculation.
These calculations are essential for both businesses and consumers. For businesses, accurate computation is vital for compliance with tax regulations, proper pricing strategies, and financial reporting. For consumers, understanding the tax implications allows for informed purchasing decisions and accurate budgeting. Historically, these computations were performed manually or with simple calculators, but specialized tools have streamlined the process and reduced the risk of errors.