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TAX CALCULATOR (RESIDENT OF QUEBEC)
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Enter the purchase price paid by the individual:
$
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| Purchase price paid by the individual (before taxes):
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$ |
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| GST paid by the individual (purchase price x 5 %): |
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+
$ |
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| Eligible GST (GST paid X 36 %, maximum : 6 300 $): |
$ |
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- If the purchase price is less than 350 000 $, multiply by 1
- If the purchase price is between 350 000 $ and 450 000 $,
multiply the result by the following equation:
(450 000 $ - purchase price)/100 000 |
X
$ |
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| GST refund granted to the individual |
$ |
-
$ |
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| Subtotal |
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=
$ |
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| QST paid by the individual (amount of the previous row X 7,5 %) |
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+
$ |
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| Eligible QST (QST paid X 36 %, maximum : 5 573 $): |
$ |
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- If the purchase price is less than 200 000 $, multiply by 1
- If the purchase price is between 200 000 $ and 225 000 $,
multiply the result by the following equation:
(225 000 $ - purchase price)/25 000 |
X
$ |
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| QST refund granted to the individual |
$ |
-
$ |
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| Net purchase price paid by the individual |
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=
$ |
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