Ontario Car Loan Tax Calculator
Estimate your monthly or bi-weekly auto loan payments in Ontario. In Ontario, vehicle financing is subject to 13% Harmonized Sales Tax (HST) and OMVIC all-in pricing consumer protection regulations. Use this preconfigured calculator to see your exact tax amount, financed balance, and periodic payment schedule.
Car Loan Parameters
Payment Summary
Breakdown Structure
Principal vs Tax vs Interest
Principal + Tax + Interest =
Payment Scoreboard
Payment Growth Curve
Cumulative outlay over 5 years
Selected Year
Total Paid
Principal
Interest
+ =
Ontario Car Loan Payment & Tax Scenarios (6.5% APR Example)
Benchmark amortization matrix and periodic payment comparisons calculated using standard Canadian financing schedules.
| Vehicle Price | 13% HST | 10% Down | Amount Financed | 48 Mo Payment | 60 Mo Payment | 72 Mo Payment |
|---|---|---|---|---|---|---|
| $25,000 | $3,250 | $2,500 | $26,250 | $622 / mo | $514 / mo | $441 / mo |
| $35,000 | $4,550 | $3,500 | $36,550 | $867 / mo | $715 / mo | $615 / mo |
| $45,000 | $5,850 | $4,500 | $46,850 | $1,111 / mo | $917 / mo | $788 / mo |
| $55,000 | $7,150 | $5,500 | $57,150 | $1,356 / mo | $1,119 / mo | $961 / mo |
| $65,000 | $8,450 | $6,500 | $67,450 | $1,600 / mo | $1,320 / mo | $1,135 / mo |
Financing Guide & In-Depth Cost Analysis
Essential Canadian financial insights and regulatory context.
How Vehicle Sales Tax Works in Ontario
In Ontario, purchases of new and used vehicles from registered motor vehicle dealers are subject to a single 13% Harmonized Sales Tax (HST), combining the 5% federal GST and 8% provincial component. The tax is calculated on the net selling price after deducting trade-in equity, but before adding license transfer and documentation fees.
OMVIC All-In Price Advertising Protection
Under Ontario law enforced by the Ontario Motor Vehicle Industry Council (OMVIC), registered dealers must advertise all-inclusive prices. The advertised price must include all fees (freight, PDI, documentation fees, and environmental levies). Only HST and licensing fees may be added on top of the advertised price.
Trade-In Tax Credit Benefit in Ontario
When trading in a vehicle against a new purchase at a registered dealership, you only pay 13% HST on the net difference. For example, if you buy a $40,000 car and receive $10,000 trade-in credit, HST is calculated on $30,000, saving you $1,300 in sales tax.
Frequently Asked Questions
Common questions about vehicle financing and provincial sales taxes.
Related Calculators & Provincial Tools
Explore our complete suite of Canadian vehicle financing calculators.
Latest Insights & Financing Guides
Expert tips and analysis on vehicle financing in Canada.
How Car Loan Interest Rates Work in Canada
Understanding how car loan interest rates are calculated in Canada empowers vehi...
How to Get a Car Loan From a Bank in Canada
Financing a vehicle through a major Canadian chartered bank offers clear interes...
What Credit Score Do You Need for a Car Loan in Canada?
Your credit score is the single most influential factor determining your car loa...
Featured Visual Web Stories
Disclaimer: Calculations on this page are provided for illustrative and educational purposes only. CandCalc is not a lender and does not guarantee loan terms, interest rates, or credit approval.