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BC: What is the formula used to back out HST?

By CO Staff |

Fran asked:

British Columbia: What is the formula used to back out the HST when the total of a receipt includes it and does not show it seperately?

CO Staff answered:

Because the HST is 12 per cent in British Columbia, the formula would look like this:

Price x 12 (HST percentage) / 112= HST.

So for example, if the reciept which includes the HST in the price totals $168.00, the formula would be:

$168.00 x 12 / 112. = $18.00

The original price before HST would be $150.00, and the HST would be $18.00, totalling $168.00.

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