Discovering the gas tax in Ontario is important for budgeting and understanding what you’re paying at the pump. The gas tax calculator Ontario can help you figure out these costs.
As of today, Wednesday, 21 February 2024, the gas tax in Canada includes federal, provincial, and sometimes municipal taxes. The gasoline tax rate in Ontario has been steady at 9% since July 1, 2022, and will remain until December 31, 2023.
Summary of Gas Tax Calculator Ontario
| Aspect | Details |
|---|---|
| Date | Wednesday, 21 Feb 2024 |
| Federal Gas Tax | 10 cents/litre |
| Provincial Gas Tax | 9% until December 31, 2023 |
| Municipalities Charging | Victoria, Vancouver, Montreal |
| GST/HST on Gas | 5% |
| PST in Ontario | 13% on Gasoline and Diesel |
| Excise Tax on Diesel | 4 cents/litre since 1987 |
| Gas Tax Return Deadline | 21st day of the month |
| Leaded Gasoline Tax | 17.7 cents per litre in Ontario |
| Aviation Fuel Tax | 6.7 cents per litre (2.7 cents in Northern Ontario) |
Understanding Gas Taxes in Canada
The gas tax in Canada is a mix of federal, provincial, and municipal taxes. This includes a 10 cents per litre federal tax and a 9% provincial tax in Ontario.
Gas taxes fund various public services, making it essential to know how much you’re paying. The federal GST/HST on gas and diesel is 5%, adding to the total cost at the pump.
Provincial and Federal Taxes
Every province in Canada has a different gas tax rate. In Ontario, the gas tax has been 9% for unleaded gasoline since July 1, 2022.
Federal and provincial taxes combine to affect the final price of gas. This includes a 4 cents per litre federal excise tax on diesel, unchanged since 1987.
Gasoline Tax Rates in Ontario
Ontario’s gasoline tax rate is crucial for drivers in the province. The rate for unleaded gasoline will remain at 9% until the end of 2023.
The tax on leaded gasoline is 17.7 cents per litre. For aviation fuel, the rate is 6.7 cents per litre, with a reduced rate in Northern Ontario.
Calculating Your Gas Tax
To calculate your gas tax in Ontario, consider both the federal and provincial taxes. The GST/HST on gas and diesel is 5%, with a 13% PST in Ontario.
Knowing these rates helps understand the final price at the pump. Use the gas tax calculator Ontario to estimate your costs accurately.
Municipal Gas Taxes
Some municipalities in Canada charge their own gas tax. Cities like Victoria, Vancouver, and Montreal have this additional cost.
These taxes fund local projects and services. It’s important to factor them into your overall gas tax calculations.
Excise Taxes on Fuel
Canada’s federal excise taxes on fuel vary by type. For example, unleaded gasoline has a 10 cents per litre tax.
These taxes also apply to fuel-inefficient vehicles. The rate depends on the vehicle’s fuel consumption rating.
Filing Your Gas Tax Return
In Ontario, the Ministry of Finance requires a monthly gas tax return. This ensures accountability and proper tax collection.
The deadline for filing is usually the 21st day of the month. Completing this return is essential for all residents.
Frequently Asked Questions
What is the gas tax rate in Ontario?
The gas tax rate in Ontario has been 9% for unleaded gasoline since July 1, 2022.
How is the gas tax calculated in Canada?
The gas tax in Canada includes federal, provincial, and sometimes municipal taxes, with a federal rate of 10 cents per litre for gasoline.
What is the deadline for filing a gas tax return in Ontario?
The deadline for filing a gas tax return in Ontario is usually the 21st day of the month.
Do all provinces in Canada have the same gas tax rate?
No, each province in Canada sets its own gas tax rate, which can vary significantly.
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