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Tps Tvq 2025 Calculator

TPS TVQ Calculation:

\[ Tax = Price \times 0.05 + (Price \times 1.05) \times 0.09975 \]

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1. What is TPS and TVQ?

TPS (Taxe sur les Produits et Services) and TVQ (Taxe de Vente du Québec) are the Canadian federal and Quebec provincial sales taxes applied to most goods and services in Quebec.

2. How Does the Calculator Work?

The calculator uses the 2025 tax rates:

\[ Tax = Price \times 0.05 + (Price \times 1.05) \times 0.09975 \]

Where:

Explanation: The TVQ is calculated on the price after TPS has been added.

3. Current Tax Rates (2025)

Details: As of 2025, the combined tax rate in Quebec is 15.49875% (5% federal TPS + 9.975% provincial TVQ).

4. Using the Calculator

Tips: Enter the base price before taxes in Canadian dollars. The calculator will show the breakdown of taxes and total amount to pay.

5. Frequently Asked Questions (FAQ)

Q1: Are all products subject to TPS and TVQ?
A: No, some items like basic groceries, prescription drugs, and certain services are exempt.

Q2: Why is TVQ calculated on top of TPS?
A: Quebec's TVQ is applied to the subtotal that includes the federal TPS.

Q3: Have these rates changed recently?
A: The TVQ rate increased from 9.975% to 9.975% in 2023 and remains at this level in 2025.

Q4: Is this calculator accurate for all purchases?
A: It works for most standard purchases, but some items may have different tax treatments.

Q5: How does this compare to other provinces?
A: Quebec has one of the highest combined sales tax rates in Canada, second only to some Atlantic provinces.

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