Getting your first bill can be a challenge. If you need clarification, please see first bill and what to expect.
This article intends to help explain how taxes are calculated on your financed device.
How are taxes charged on financing?
Your monthly device financing payments and monthly financed taxes will appear as separate amounts in the Additional Charges and Credits section, within the Wireless section of your bill. You can also view a Financing Program Details chart which highlights the total financed amount for your device, how much of your total device financing balance you’ve already paid, and your total remaining device financing balance.
If you’ve received a financing program promotion, that credit amount will appear in the Monthly Charges section of your wireless bill and will reduce your monthly wireless service charges.
How are taxes charged on a financed phone?
The full price of the phone, including taxes, is financed over the term of the agreement
The monthly tax payment is calculated by dividing the total tax by the number of months in the financing term
If the financing agreement is canceled, the remaining balance of the phone and taxes is charged on the next invoice
Are there any tax exemptions?
Indigenous customers with "Indian" Status living off-reserve in Ontario may be eligible for a tax exemption on the provincial part of the HST (8%)
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