1. What is TPS/TVQ Verification?

The TPS (Taxe sur les produits et services/GST) and TVQ (Taxe de vente du Québec/QST) verification calculator helps ensure that the taxes charged on a purchase in Quebec match the expected amounts based on the current tax rates.

2. How Does the Calculator Work?

The calculator uses the Quebec tax formula:

Where:

• \( Amount \) — Purchase amount before taxes
• \( TPS \) — 5% federal GST rate
• \( TVQ \) — 9.975% provincial QST rate

Explanation: The QST is applied to the amount after GST has been added, which is why the formula includes (1 + TPS) in the second part.

3. Importance of Tax Verification

Details: Verifying tax calculations ensures you're not being overcharged and helps identify potential errors in point-of-sale systems or invoices.

4. Using the Calculator

Tips: Enter the pre-tax amount and the taxes shown on your receipt. The calculator will verify if they match the expected amounts based on current Quebec tax rates.

5. Frequently Asked Questions (FAQ)

Q1: What are the current Quebec tax rates?
A: As of 2023, TPS (GST) is 5% and TVQ (QST) is 9.975%.

Q2: Why is QST calculated after GST?
A: Quebec applies the provincial sales tax on the total after federal tax has been added.

Q3: Are all items subject to both taxes?
A: Most goods and services are taxed with both, but some items may be exempt from one or both taxes.

Q4: What should I do if taxes don't match?
A: First check if the item might be tax-exempt. If not, contact the merchant to inquire about the discrepancy.

Q5: Do tax rates change often?
A: Tax rates typically remain stable for several years, but it's good to verify current rates periodically.