How to remove sales tax from a Yukon price
Find the pre-tax price from a tax-inclusive total in Yukon by dividing by 1.05.
Key facts
| Place | Yukon |
|---|---|
| Sales tax | Combined sales tax |
| Standard rate on file | 5% |
| Multiply net price by | 1.05 |
| Tax share of a gross price | 4.76% |
| Currency | CAD |
Divide, do not subtract
Divide the total by 1.05 to get the pre-tax price. Subtracting 5% from the total removes too much.
Worked example
Here is the calculation with sample figures. Change any number in the Yukon Reverse Sales Tax Calculator to run your own.
| Price incl. tax | CA$216.00 |
| Tax rate (%) | 5% |
| Price | CA$205.71 |
|---|---|
| Tax | CA$10.29 |
Quick reference at 5%
Common amounts in Yukon, worked both ways: adding tax to a net price, and extracting it from a price that already includes tax.
| Amount | Tax on net amount | Gross (net + tax) | Net if amount includes tax |
|---|---|---|---|
| CA$10.00 | CA$0.50 | CA$10.50 | CA$9.52 |
| CA$50.00 | CA$2.50 | CA$52.50 | CA$47.62 |
| CA$100.00 | CA$5.00 | CA$105.00 | CA$95.24 |
| CA$250.00 | CA$12.50 | CA$262.50 | CA$238.10 |
| CA$500.00 | CA$25.00 | CA$525.00 | CA$476.19 |
| CA$1,000.00 | CA$50.00 | CA$1,050.00 | CA$952.38 |
| CA$5,000.00 | CA$250.00 | CA$5,250.00 | CA$4,761.90 |
How Yukon compares
Standard rates on file for other provinces and territories. A difference of a few points matters most on high-value purchases and on cross-border sales.
| Place | Rate on file | Compared with 5% |
|---|---|---|
| Prince Edward Island | 15% | higher |
| Quebec | 14.975% | higher |
| Saskatchewan | 11% | higher |
Using the calculator step by step
- Open the Yukon Reverse Sales Tax Calculator.
- Type your figures into the numbered lines. Results update as you type.
- Check the rate field. It starts at 5%; change it if a reduced rate, local surcharge or exemption applies to you.
- Read the result on the receipt panel, and use the formula shown under it if you need to explain the figure to a client or colleague.
Key terms
- Net amount
- The amount before tax is added. On an invoice it is the figure the tax is calculated on.
- Exempt supply
- A sale that falls outside the tax entirely. No tax is charged and input tax usually cannot be reclaimed.
- Withholding
- Tax deducted at source, by an employer or payer, before the money reaches you.
- Reduced rate
- A lower rate that applies to specific categories, often essentials such as food, medicine or books.
- Deduction
- An amount subtracted from taxable income. It saves tax equal to the deduction times your marginal rate.
Common mistakes to avoid
- Subtracting the percentage from the total.
Run your own numbers. The Yukon Reverse Sales Tax Calculator updates as you type and shows the formula it uses.
Frequently asked questions
How do I remove sales tax in Yukon?
Divide the total by 1.05.
Why is subtracting wrong?
Tax was calculated on the pre-tax amount, not the total.
This article is general information for planning, not tax advice. Rates and rules change; confirm with your tax authority or a qualified adviser.