Over Belled
Seeing as I had nothing better to do last night, I calculated the taxes on my phone bill. There are two taxes: a 5% Federal Goods and Services Tax (GST) and (in Ontario) 8% provincial sales tax (PST). My bill was $50.07 before taxes. My GST should have been $2.50 and my PST should have been $4.01. Instead it was $2.51 and $4.02 respectively. I was over billed $0.02! Of course, that is really insignificant, however, this morning I discovered it is happening to others . Assuming Bell Canada bills 1,000,000 customers (probably low, considering the number of residential, business and cell phones available in Canada), that means an extra $10,000 per month for Bell or $120,000 per year. Typical rounding practice is to round down if less than 1 / 2 a penny and round up if 1 / 2 a penny of more. And Bell appears to round this way, except it then adds a penny to the final result. The numbers in bold should be the final result, but since Bell adds a penny, it is actually the numbers in italic...