How to Reverse Calculate Yukon Sales Tax
To back out the 5% sales tax from any Yukon receipt or invoice, use the standard algebraic reverse formula:
For a total of $100.00 CAD:
- Total Paid: $100.00 CAD
- Pre-Tax Base: $100.00 ÷ 1.0500 = $95.24 CAD
- Total Tax Owed: $100.00 - $95.24 = $4.76 CAD
Breakdown: GST Portion (100% of tax): $4.76 CAD | PST Portion (0% of tax): $0.00 CAD
