1. What is TVQ (QST)?

The TVQ (Taxe de vente du Québec), also known as QST (Quebec Sales Tax), is a provincial sales tax in Quebec, Canada. It's applied at a rate of 9.975% on most goods and services.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• \( Amount \) — The pre-tax amount in Canadian dollars
• \( 0.09975 \) — The TVQ rate (9.975%)

3. Importance of TVQ Calculation

Details: Accurate TVQ calculation is essential for businesses operating in Quebec to ensure proper tax collection and remittance to Revenue Quebec.

4. Using the Calculator

Tips: Enter the pre-tax amount in Canadian dollars. The calculator will compute the TVQ amount at the current 9.975% rate.

5. Frequently Asked Questions (FAQ)

Q1: Is TVQ the same as GST?
A: No, TVQ (QST) is Quebec's provincial sales tax, while GST is the federal goods and services tax applied across Canada.

Q2: What is the current TVQ rate?
A: As of 2023, the TVQ rate is 9.975% in Quebec.

Q3: Are all goods and services subject to TVQ?
A: Most goods and services are taxable, but there are exceptions like basic groceries, prescription drugs, and certain services.

Q4: How is TVQ different from HST in other provinces?
A: HST combines federal and provincial sales taxes into a single rate, while in Quebec, GST and TVQ are charged separately.

Q5: When is TVQ collected and remitted?
A: Businesses must collect TVQ at the time of sale and remit it to Revenue Quebec according to their filing frequency.