TVOKids Teacher Power Hour
Food on the Move | Junior Lesson | TVOkids
Join teacher Andrea explain the concept of sales tax on goods and services. Learn that In Ontario, sales tax is referred to as HST, which stands for harmonized sales tax. It is composed of 8% provincial sales tax and 5% federal sales tax for a combined total of 13% sales tax. You will use the RICE (read, illustrate, calculate, explain) strategy to calculate the cost of multiple items including sales tax. Learn how as a consumer, we need to consider that sales tax is added to certain goods and services that we purchase, which will change the total amount of the purchase.