1. What is TPS and TVQ?

TPS (Taxe sur les Produits et Services) and TVQ (Taxe de Vente du Québec) are the federal and provincial sales taxes applied in Quebec, Canada. TPS is 5% nationwide, while TVQ is 9.975% in Quebec (2024 rate).

2. How Does the Calculator Work?

The calculator uses these formulas:

Where:

• \( Price \) — The base price before taxes
• \( 0.05 \) — TPS rate (5%)
• \( 0.09975 \) — TVQ rate (9.975%)

Note: TVQ is calculated on the price after TPS has been added.

3. Current Tax Rates

2024 Rates:

• TPS (Federal): 5%
• TVQ (Quebec): 9.975%
• Combined rate: 15.46375%

4. Using the Calculator

Instructions: Enter the base price in Canadian dollars (without taxes) and click Calculate to see the TPS, TVQ, and total amount.

5. Frequently Asked Questions (FAQ)

Q1: Why is TVQ calculated on the price including TPS?
A: Quebec's tax system applies the provincial tax (TVQ) on top of the federal tax (TPS), which is different from some other provinces.

Q2: Are all products subject to both taxes?
A: Most goods and services are taxed with both, but there are exceptions like basic groceries (no TPS/TVQ) or children's clothing (no TVQ).

Q3: How often do these tax rates change?
A: TPS has been 5% since 2008. TVQ changes more frequently, with the last change being from 9.975% to 9.975% (no change in 2024).

Q4: Is this calculator accurate for all purchases?
A: It works for most standard purchases, but some items may have different tax treatment or exemptions.

Q5: Why is the combined rate not exactly 14.975%?
A: Because TVQ is applied after TPS is added, the effective combined rate is slightly higher (15.46375%).