New Brunswick reverse tax calculator: Reverse HST calculator
Need to know the original price before taxes in New Brunswick ? This reverse HST calculator performs a reverse calculation of the Harmonized Sales Tax (HST). It is ideal for both personal and business use in New Brunswick and helps you find the exact price before taxes from an amount including HST.
New Brunswick Reverse HST Calculator
Calculate the tax amount (15%) included in a total price
This calculator determines how much tax (HST) is already included in a given total amount. Enter the final price with taxes to see the breakdown.
Amount Breakdown
Verification
The current HST rate in New Brunswick, Canada, is 15%, consisting of a provincial portion (10%) and a federal portion (5%). Our advanced reverse HST calculator extracts these taxes from any amount and displays them to the user.
How to use the reverse HST calculator for New Brunswick?
What is HST and how do I manually calculate reverse taxes?
HST stands for Harmonized Sales Tax, which is a combination of the federal GST (5%) and a provincial sales tax (PST) into a single unified tax. The current HST rate in New Brunswick is 15%, consisting of the federal portion (5%) and the provincial portion (10%).
Reverse HST calculations allow you to find the pre-tax selling price from an amount that already includes HST. This is done using a formula or an automated calculator that extracts the HST and the pre-tax amount from the total including tax.
The general formula for the reverse calculation of HST is:
Initial amount = Amount including HST ÷ (1 + HST rate)
For example, if you have a payment of $452 (HST included), you can use the reverse tax calculation to determine the amount excluding tax.
We get:
Amount including HST = $452
HST rate = 15% = 0.15
Using the above formula, we have:
Initial Amount = $452 ÷ (1 + 0.15)
Initial Amount = $ 393.04
To find the HST amount:
HST Amount = HST Included Amount – Initial Amount
HST Amount = $452 – $ 393 = $ 58.96