Idea 8of 23Builds onIncome tax comes off the pay
Sales tax is added at the till
Why do you pay more at the till than the price tag says?
Today you'll discover
- what sales tax is
- what HST means in Ontario
- where the tax shows on a receipt
Think firstA board game with a $10.00 price tag
You bring exactly $10.00 to buy the $10.00 game. Is that enough?
Decide first, then press Next. Read the receipt from the top line down.
A receipt: board game $10.00, subtotal $10.00, HST (13%) a question mark, total a question mark. Then the right side works out 13%: 10% is $1.00 and 3% is $0.30, so the HST is $1.30 and the total is $11.30. The last step shows a $20.00 soccer ball.
See the whole ideathe big idea and the key word, in one place
The big idea
Sales tax is added to the price at the till; in Ontario it is 13% HST.
A $10.00 game
The till adds 13%, which is $1.30, so you pay $11.30.
- Price$10.00
- HST$1.30
- Total$11.30
Easy to get wrongPrice tags in Ontario usually show the price before tax. Bring about 13% more than the tag says.
Key words
- sales tax
- a tax added to the price of many things when you buy them
- HST
- Harmonized Sales Tax: Ontario's 13% sales tax, a federal part and an Ontario part added together
Ready to use it?
- Say whether a price includes the sales tax.
- Find the tax line and the total on a receipt.