Interest rates and tax rates
On this page Skip this page navigation
Ontario's tax system funds public services such as roads and highways, health care, hospitals, education, social services and provincial parks.
Interest is charged to your account if payment is not received by the due date. Remember: if the due date falls on a weekend or holiday, your payment is due the next working day.
The Ministry of Finance also applies interest to amounts the ministry owes to individuals and corporations.
Interest is compounded daily and the interest rates are reset every three months.
Harmonized Sales Tax (HST) is a tax that is collected by the federal government when taxable goods (e.g. a CD) or taxable services are sold. The 13 per cent HST is charged on the selling price of the good or service. For example, if a CD is sold for $10, the HST would be $1.30.
On July 1, 2010, Ontario combined its PST with the federal GST to implement an HST. The HST rate in Ontario is 13 per cent consisting of a 5 per cent federal part and an 8 per cent provincial part.
In Ontario there are other taxes that may apply to you, your family or business. For the rate of these taxes, select the appropriate tax from the list below.
- Beer and Wine Tax
- Capital Tax
- Corporate Income Tax
- Debt Retirement Charge
- Estate Administration Tax
- Employer Health Tax
- Fuel Tax
- Gasoline Tax
- Gross Revenue Charge
- Harmonized Sales Tax
- International Fuel Tax Agreement
- Land Transfer Tax
- Mining Tax
- Ontario Health Premium
- Personal Income Tax
- Provincial Land Tax
- Race Tracks Tax
- Tobacco Tax