NOTATION

P = Portion %C = Percent Change GST = Goods and Services Tax

B = Base Vi = Initial Value PST = Provincial Sales Tax
Vf = Final Value HST = Harmonized Sales Tax
R = Rate

FORMULAS

Portion | 3.1
𝑃 =𝑅×𝐵

Percent Change | 3.2

𝑉𝑓 −𝑉𝑖
%𝐶 = × 100%
𝑉𝑖

Pay for pay period | 3.3(a)

𝐴𝑛𝑛𝑢𝑎𝑙 𝑆𝑎𝑙𝑎𝑟𝑦
𝑃𝑎𝑦 𝑓𝑜𝑟 𝑃𝑎𝑦 𝑃𝑒𝑟𝑖𝑜𝑑 =
𝑁𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝑝𝑎𝑦 𝑝𝑒𝑟𝑖𝑜𝑑𝑠 𝑝𝑒𝑟 𝑦𝑒𝑎𝑟

Hourly rate of pay | 3.3(b)

𝑊𝑒𝑒𝑘𝑙𝑦 𝑃𝑎𝑦 𝑊𝑒𝑒𝑘𝑙𝑦 𝑃𝑎𝑦
𝐻𝑜𝑢𝑟𝑙𝑦 𝑅𝑎𝑡𝑒 𝑜𝑓 𝑃𝑎𝑦 = =
𝑁𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝑤𝑜𝑟𝑘𝑖𝑛𝑔 ℎ𝑜𝑢𝑟𝑠 𝑝𝑒𝑟 𝑤𝑒𝑒𝑘 𝑊𝑜𝑟𝑘𝑤𝑒𝑒𝑘

Property Tax | 3.4(a)

𝑃𝑟𝑜𝑝𝑒𝑟𝑡𝑦 𝑡𝑎𝑥 = 𝐴𝑠𝑠𝑒𝑠𝑠𝑒𝑑 𝑣𝑎𝑙𝑢𝑒 𝑜𝑓 𝑝𝑟𝑜𝑝𝑒𝑟𝑡𝑦 × 𝑇𝑎𝑥 𝑅𝑎𝑡𝑒

Property Tax Expressed as a Mill Rate | 3.4(b)

𝐴𝑠𝑠𝑒𝑠𝑠𝑒𝑑 𝑣𝑎𝑙𝑢𝑒 𝑜𝑓 𝑝𝑟𝑜𝑝𝑒𝑟𝑡𝑦
𝑃𝑟𝑜𝑝𝑒𝑟𝑡𝑦 𝑡𝑎𝑥 = × 𝑀𝑖𝑙𝑙 𝑅𝑎𝑡𝑒
1000