Formulas
- Adding tax: tax = price × rate; total = price + tax.
- Taking tax out: price before tax = total ÷ (1 + rate); tax = total − price before tax. Taking 18% off a tax-inclusive total would be wrong: the tax is 18% of the price before tax, not of the total.
Rates in the presets are standard rates at the time of writing; reduced rates, exemptions and provincial rates differ by item and service, so check the rate that applies to you.