Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 30, 2019 1:43:11 PM

Is it possible to calculate how much gst, hst, and pst collected from total revenue?

0 2 1339
2 Replies
New Member
Oct 30, 2019 1:43:12 PM

Assuming an HST rate of 13% you can use this equation:

Total Revenue x 13 (HST percentage) / 113 = HST Collected

So if you have revenue of $30,000 this would be:

$30,000 x 13 / 113 = $3,451.33 HST

New Member
Oct 30, 2019 1:43:13 PM

Thanks Jocelyn!