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GST HST Quick Method

by Sharon
(Ottawa, Ontario, Canada)

September 2010 - Please be aware that the original post and some of the comments were made prior to the new place of supply rules that went into effect on May 1, 2010 and before the change in GST/HST rates at July 1, 2010. You may have to adjust the information to comply with the new rules and rates. I have added some HST information to the QuickBooks posting. The Webmaster

Hi there!

I am completeing my very first GST/HST Return using the Quick Method ..... urgh I need help! please!

Is there a site out there that has a line by line example on how to fill this out? I have pulled a GST/HST Return Report from QuickBooks® ... how do I apply that to the QuickMethod?

A BIG thank you in advance for any help you can give.



image of fancy scroll lines






Hi Sharon,

Here is the link to the CRA publication RC4058 that walks you through the Quick Method of Accounting for GST/HST:

http://www.cra-arc.gc.ca/E/pub/gp/rc4058/rc4058-e.html

At the very end of the publication, just before Appendix A, they walk you through a line by line example of how to prepare a GST/HST return using the Quick Method.

Hope this helps you out ... and have a fabulous day! :0)




P.S. For those who want to start or stop using this method, you must file GST74 Election and Revocation of an Election to use the Quick Method of Accounting with CRA.

I give an overview of the Quick Method in my chat on HST GST Registration | Alternate Filing Methods. Follow the link to The GST HST Quick Method Rates to see how the calculation works and what rate you should be using.


QuickBooks® is a registered trademark of Intuit, Inc.




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GST HST Quick Method

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Mar 26, 2010
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QuickBooks and The Quick Method of Filing GST/HST
by: Lakeshore Bookkeeping Services

Please note the information presented in this example is for Ontario prior to the new rules and rates. The Webmaster September 2010

There was another part of the question I didn't answer initially ... as I needed to do a bit of research.

Gary Timmons, CA discusses how to calculate and record the Quick Method using QuickBooks on his website.

Mr. Timmons explains that Quick method users do not claim ITC on expenses ... but a percentage of the GST collected instead. The exception is capital asset purchases ... where you are allowed to claim the GST paid for furniture, computers and equipment.

Here are his instructions (italics are word for word from his site).

1. Complete the return as you would a regular return. His website explains how to do that.

2. Then book the Quick method adjustment as follows:

Calculate the portion of GST that you keep by multiplying line 103 (I think this should be line 101 your sales figure) by 2.4%. This is the adjustment amount. My note - you need to adjust the 2.4% rate to your rate which may be different but the amount is basically sales x 5% (line 103) - sales x (your quick rate) (line 105) = adjustment amount (line 104) plus any credit adjustment you are allowed (line 107).

Edited September 2010 to add: I'm guessing the 2.4% Ontario adjustment rate is calculated as follows - (5% - 3.6% + 1% credit = 2.4%) so if you are using this after July 1, 2010 the calculation would be (13% - 8.8% + 1% credit if it applies = 5.2%). If you are following CRA's instructions, the 1% credit should be reported on line 107 not line 104 so you may want to adjust these instructions to accommodate that.

Click on the Sales Tax Line 103, click the Adjust Line 103 box

  • Adjustment date = reporting period end date

  • The tax agency is Receiver General

  • Sales tax item is GST On Sales ... After June 30, 2010 this would now be HST On Sales

  • Adjustment account is GST simplified ... After June 30, 2010 this would now be a revenue account called HST Quick Method

  • Enter adjustment amount (must be a positive number)

  • Ensure 'Decrease Sales Tax Line is selected'

  • Memo is GST Simplified revenue ... After June 30, 2010 the memo would say HST Quick Method revenue


  • Mr. Timmons next reminder was that once your total sales are over $30,000 you get to keep an additional $300 each year. To enter this adjustment, he again recommends Press the adjust box beside GST collected a second time and enter $300 (once per year). See Taxteller's notes below and my note above about reporting this on line 107.

    You can find his simple instructions on how to complete the actual CRA GST form GST34-2 E here:

    http://www.gtimmons.com/resources/corporations/government/goods.html#tqm




    Resources used for this post: Website www.gtimmons.com


    Mar 28, 2010
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    Thank You
    by: Sharon

    Lake,

    You are absolutely awesome! Wow, thank you so much.

    My forte is Payroll actually so when it comes to bookkeeping I am still unsure of some things. Your website and quick responses make my learning curves easier and so much enjoyable.

    A big thank you.

    Apr 05, 2010
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    Bookkeeping Entries for GST/HST
    by: Lakeshore Bookkeeping Services

    I am including a link on where -- how to record the bookkeeping entries for GST/HST -- is found on this site ... just in case it is useful to anyone.

    It is located in a sidebar chat found in "The System" section titled Small Business Bookkeeping and Accounting Software.

    It covers:
    • the bookkeeping entry when you file your report;
    • the bookkeeping entry when you make your payment to the CRA; and
    • the bookkeeping entry when you receive a refund from CRA.

    Apr 08, 2010
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    1% Quick Method Eligibility
    by: TAXTELLER

    If you are filing quarterly - you can claim 1% credit on your sales up to $30K

    Ex
    Acme Shoe Polishers
    First Quarter Sales w GST included $9500.00 x amt by 3.6 $342.00 then x $9500.00 x 1% 95.00

    First Quarter = 342.00 less 95.00 = 247.00 payable


    You do this on each Reporting Period for amounts running in total to the limit of $30,000.00

    Then you will only calculate amts by 3.6

    Apr 13, 2010
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    HST in July 2010
    by: Anonymous

    So how would you figure out the new HST in BC as right now we have 7 percent PST and 5 percent GST?

    The 3.6 percent quick rate doesn't work for BC HST???


    Apr 13, 2010
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    BC HST Quick Rates
    by: Lakeshore Bookkeeping Services

    As far as I know, the Quick Rates for BC HST have not been announced yet.

    You may be interested in a January 2010 article by Ron Osborne published on The Province website.

    It explains that place of supply rules have increased the complexity of using the Quick Method so that registrants will be allowed to elect to stop using it effective June 30th. Once the election is made, HST registrants will revert to calculating their HST in the ordinary, less complex method of tracking their ITCs while doing their bookkeeping.

    Here is the link to the article:

    http://www.theprovince.com/business/HST/
    currently+calculate+submit+based+Quick+Method+accounting+
    What+will+percentages+with/2464407/story.html

    May 01, 2010
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    Apply to contracts?
    by: Sole P

    If I did a small service contract for the Fed Gov't as an sole proprietor (~$20,000), do I submit the full GST, or can I claim the 1%?

    thanks
    SP

    May 01, 2010
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    Government Organizations Are Exempt
    by: Bookkeeping Essentials

    Hi S.P.

    I am confused by your question ... but it's probably because I don't use the Quick Method ... and don't have any government contracts ... so please verify anything I suggest here. ;0)

    I thought government organizations were exempt from GST and therefore you wouldn't charge it when invoicing them ... which means you don't collect it.

    I also thought the Quick Method was only available to small businesses with taxable sales and supplies ... including zero-rated supplies ... of less than $200,000. This excludes exempt sales and services.

    If you don't collect it, I am fairly certain the exempt sales would not qualify for the 1% credit ... and if all your sales are exempt, it may mean you are not eligible to use the Quick Method of Accounting.

    In CRA publication, RC4058 Quick Method of Accounting for GST/HST, it states that "if you make a supply of a good or a service that is not eligible and you charge 5% GST, you have to report the full amount of tax charged instead of using a remittance rate." This means you have to make an accounting as if the election for the Quick Method was not in place.

    However, if your contract calls for you to charge GST, then I assume you would be eligible for the 1% credit if you file using the Quick Method of Accounting for GST/HST.

    I do know from visiting the CRA website that "certain businesses cannot use the Quick Method of accounting, some of which are:

    accountants or bookkeepers;
    financial consultants;
    lawyers (or law offices);
    actuaries;
    notaries public;
    listed financial institutions;
    audit services; or
    tax return preparation services or tax consultants."

    Perhaps other bookkeepers who visit this site would know with more certainty than me ... and one or more would be kind enough to post here with what they know. :0)

    Your other option would be to give CRA a call.

    I am always puzzled as to why businesses choose the Quick Method ... because it always seems to me it is more complex with all of its rules than just doing a regular accounting of GST/HST by tracking your input tax credits ... but maybe that is just me.

    May 01, 2010
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    GST Quick Method
    by: Anonymous

    Thanks for the reply. For clarification, it was a service contract (data crunching) and GST had to be, and was charged.

    Best if I call CRA to clarify.


    Jul 02, 2010
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    Remittance Rates Using the Quick Method of Accounting
    by: Bookkeeping Essentials

    GST/HST remittance rates for business registrants using the Quick Method of Accounting have been released by the Department of Finance. It includes the GST/HST rates for the Quick Method in BC and Nova Scotia effective July 1, 2010.

    You can find it at on the Department of Finance website at Publications and reports > Harmonized Sales Tax Rules for Financial Institutions, Interment Rights and Streamlined Accounting Methods in the document called HARMONIZED SALES TAX RULES FOR FINANCIAL INSTITUTIONS, INTERMENT RIGHTS AND STREAMLINED ACCOUNTING METHODS. Go to Appendix A for the rate table for all provinces.

    My Quick Method rates table will be updated shortly.

    Jul 03, 2010
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    Sales To Government
    by: Bookkeeping Essentials

    As of July 1, 2010, under HST, sales to provincial government are no longer exempt.

    They will now pay the HST upfront on all their purchases ... and claim a rebate for the eligible HST amounts.

    Businesses will no longer have to separate government purchases.

    Also note that foreign representatives are not exempt from paying GST/HST. You must invoice and collect it from them ... even if they show you a diplomatic ID card.

    Aug 15, 2010
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    Quick Method net proceeds - taxable income?
    by: Wayne

    I use the Quick method to account for GST. At the end of the year after I pay the GST owing, I end up with a net gain, or "cash in the bank".

    Is this "cash in the bank" considered taxable income?

    Thanks,

    Wayne

    Aug 15, 2010
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    Quick Method ITC Refunds
    by: Bookkeeping Essentials

    Hi Wayne,

    If the net gain or "cash in the bank" you are referring to is related to the net profit from your business ... then it is taxable.

    You report this on Schedule T2125 of your T1 (personal tax return) if you are a sole proprietor.

    I have a series of articles in The Tax section on what deductions are available to the sole proprietor.


    Aug 24, 2010
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    Quick Method net proceeds - taxable income?
    by: Anonymous

    Thanks. This helps as I was puzzled as to how it is all meant to work and I think I understand now - correct me if I am wrong:

    If not using the QM, I owe all GST payable after subtracting all GST paid on expenses. Net to my company is zero.

    With QM, I do not track individual GST on my expenses and after calculations I end up with an amount in my GST payable that stays in my company. The purpose of this amount is to 'compensate' for the GST that I paid on my operating expenses but did not claim as ITC.

    Essentially I am deducting GST paid on expenses from my income. And when I include as income the amount that the QM calcuations leave in my company (GST Payable), then 'ideally' it would be a wash.

    If not a wash, it should be a small amount either way.

    If it is a large amount to my detriment, then I should stop using the QM. If it is a small gain, then it is taxable income.

    Does that about sum it up right?

    Wayne

    Aug 24, 2010
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    The GST HST Quick Method (QM)
    by: Bookkeeping-Essentials

    Hi Wayne,

    I'm going to chat about some stuff ... then I'll respond to your post. FYI-I have never used the QM. It just seems more complicated than tracking the actual tax.

    Referring back to "cash in the bank" ... keep in mind there is a difference between net profit (loss) and cashflow. As a small business owner, you are taxed on net profit NOT cashflow.

    Generally, most small businesses will pay less tax in total if they are GST HST registrants because they can claim their input tax credits (ITCs) ... making the GST HST neutral to small businesses.


    To answer your questions:

    If not using the QM, I owe all GST payable after subtracting all GST paid on expenses. Yes

    Net to my company is zero. The GST should have no effect on your income statement. It is normally tracked on a balance sheet as a liability. I assume small businesses choose the QM because they don't keep up with their bookkeeping. So a QM "income statement" will include GST collected on sales and GST paid on purchases. Any GST amounts reported on line 105 or line 108 during the tax year are backed out of the T2125 figures ... in effect removing the GST already reported.

    With QM, I do not track individual GST on my expenses. Yes that is my understanding.

    ... after calculations I end up with an amount in GST payable that stays in my company. The amount remaining in the account after GST owing is paid to CRA should be a debit ... but yes. This amount represents the ITCs reported and returned to you on your GST return.

    The purpose of this amount is to 'compensate' for the GST that I paid on my operating expenses but did not claim as ITC.Yes, the amount represents the inferred ITCs determined using the QM. It is not taxable as it a recovery of tax paid on purchases.

    Essentially I am deducting GST paid on expenses from my income. When I include as income the amount the QM calcuations leave in my company (GST Payable), 'ideally' it would be a wash. If not a wash, it s/b a small amount either way. If it is a large amount to my detriment, then I should stop using the QM. If it is a small gain, then it is taxable income. You may leave some ITCs on the table when you use the QM because it is estimating your ITCs. You will never receive a GST refund using this method. In theory, you are right it is a wash. However, depending on your business, it may not be. The GST paid on purchases that was recovered when you filed your GST return is not taxable income. It is a recovery of tax paid. This is why GST is a "better" tax than PST ... it is tax neutral to businesses because unlike PST, GST removes tax cascading and double taxation.

    Aug 25, 2010
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    Quick Method net proceeds - taxable income?
    by: Wayne

    Thank you very much for your detailed comments!

    Sep 24, 2010
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    Hst Quick Method Rate for BC
    by: Anonymous

    As to the person who wrote in Apr 13, 2010
    HST in July 2010
    by: Anonymous...

    So how would you figure out the new HST in BC as right now we have 7 percent PST and 5 percent GST?

    The 3.6 percent quick rate doesn't work for BC HST???

    I still don't know what my rate is and it's Sept 24 2010. I called HST cra today but the phone number (on the web site and on the form is the same phone number) is out of order. Anyone know the answer?

    I calculated it should be around 8.64%. But around is not accurate.

    Thanks

    Sep 24, 2010
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    BC Quick Method Rates
    by: Bookkeeping Essentials

    Check out the July 2, 2010 post.

    Click here to find the BC Quick Method rates.

    Make sure you read the information on the new place of supply rules (page up from the above link) to see if the new rules affect you ... as it may affect the rate or rates you report.


    Jan 13, 2011
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    ONT GST / HST transition return
    by: Anonymous

    How to prepare GST/HST return in Ontario for services (3.6% remittance rate before HST, and 8.8% after).

    Lets say that in 1st 6 months was $50,000 total sales, include GST; and last 6 months $50,000 total sales, include HST.

    Please correct me if I am wrong:

    <101> = $100,000 (gross sales include GST and HST)

    <103>=$50,000*3.6%+$50,000*8.8%=$6,200

    <107>=$30,000*1%=$300

    <109> Net tax = $5,900

    Thank you in advance

    Jan 13, 2011
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    Sorry Can't Say
    by: Lake

    Sorry I can't say if you are right or wrong.

    The calculation you present looks okay but I have no idea if you have followed the new place of supply rules that came into effect on May 1, 2010.

    If you have sales outside your province, the Quick Method is not "quick". You need to track each Quick Method rate group. From your calculation, it looks like all your sales are for service not product (as you said) and all services were to Ontario residents which infers you had no out-of-province customers.

    I also can't tell if you followed the transitional rules in effect for May 1 to June 20, 2010. Some of the sales during this period may attract HST not GST.

    I need to say again to my visitors ... I have never filed a Quick Method return so if you are not sure you have done this correctly, check with CRA or your accountant. I find it is much simpler to do your books on a regular basis and track the actual track .






    P.S. I would like to remind you there is a difference between information and advice. The general information provided in this post or on my site should not be construed as advice. You should not act or rely on this information without engaging professional advice specific to your situation prior to using this site content for any reason whatsoever.

    Jan 13, 2011
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    ONT GST / HST transition return
    by: Anonymous

    Thank you very much.

    Yes, you correct: services only in Ontario, and transition rules are respected (when "invoice" issued before July 1, but money arrrived after, etc).

    Thank you again for quick post.

    Regards,
    V.

    Jan 13, 2011
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    Quick Method BC hst accounting
    by: Anonymous

    Easy Quick Method: 12% hst collected 8.3% for this goes to goverment (-1% on the first 30000.00)
    say you did 100000 (a year)/ 4= 25000per month
    first 3 month period: 25000x12%hst(charged)=3000+25000=28000=Revenue.

    28000x7.3%=2044 your would send for hst
    2nd 3 mon period: 30000-28000=2000x7.3%= $146
    28000-2000=26000x8.3%=$2158+143=2304to be sent for hst.
    3rd and 4th are the same.28000x8.3%=2324 for the 3rd and 2324 for the 4th period.
    Year end income statement:
    Revenue(for the year):$1012000
    Expense:
    Hst: (2044+2304+2324+2324=)$8996

    All expenses gas,office,etc you use the full amount+hst for the expense.

    Of course any large items you have bought that would go on your capital cost allowance you get the full Hst back.
    Hope this help someone out there!!



    Jan 14, 2011
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    Not Sure Your Rate Is Correct
    by: Lake

    Thanks so much for your example. I'm not sure your 8.3% rate is correct. Did you mean 8.2%?

    Anonymous's example (and CRA's) shows that on your sales line you include your GST/HST collected just like our previous poster did.

    I think you are also saying the GST or HST rate in effect for your province or territory at the end of each tax year is applied to the whole year. If that is true, do you have a reference from a CRA publication I could use as this makes a big difference in the amount to be refunded?

    For more explanation, visitors can see CRA's examples in publication RC4058 Quick Method of Accounting for GST/HST.

    Feb 01, 2011
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    1 Percent Credit
    by: Anonymous

    I never knew about the 1 percent credit on the first $30,000! Can I collect for previous years?

    Apr 14, 2011
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    1% credit if I make less than 30k
    by: GW

    Can we claim part of the 1% gst/hst credit if we make less than 30k total? Thanks very much!



    image of fancy scroll lines



    Yes.

    Apr 17, 2011
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    GST/HST Adjustment/Refund
    by: Salman

    Hi,

    I am looking for help to get a GST/HSTrefund or how to adjust my GST returns for my corporation.

    Let me explain to you first.

    I opened a corporation account with CRA in 2009 Nov and I filed GST/HST using regular method for three (3) quarters.

    1. Nov to Dec 2009 Paid GST Using Regular Method.
    2. Jan to Mar 2010 Paid GST Using Regular Method.
    3. Apr to Jun 2010 Paid GST Using Regular Method.

    Note: I paid all the GST to CRA without deducting a cent. (e.g I made sale of 10,000 and GST was collected $500 whereby I paid CRA the full $500 without deducting input tax credits).

    And now I am usiing Quick Method since the opening of my business.

    I spoke to CRA and they said, "You overpaid and you have to file an amendment".

    Does anyone have experience on how to file an amendment and get the money that CRA owes me?

    Thanks
    SK

    Apr 17, 2011
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    Amending a GST/HST Return
    by: Lake

    Hi Salman,

    To amend a prior period GST/HST return, you must submit your requested changes in writing to CRA.

    CRA does not owe you any money if you were the one who didn't file your return properly ... I would say it is more correct to say "You left money on the table" by incorrectly filing your paperwork.

    However, you are eligible for input tax credits ... but you have to inform CRA what those input tax credits are.

    Normally you would have done this on line 108 of each GST/HST return. See how you should have completed your return here.

    Usually, you have up to four years to claim an input tax credit. Minor adjustments are done on the following GST/HST return on line 104 or line 107 ... whichever is appropriate.

    I am confused when you say, "Now I am using Quick Method since the opening of my business." That isn't possible if you filed three returns using the regular method ... also you have to make an election to begin using or ceasing to use the Quick Method of Accounting for GST/HST.




    P.S. I would like to remind you there is a difference between information and advice. The general information provided in this post or on my site should not be construed as advice. You should not act or rely on this information without engaging professional advice specific to your situation prior to using this site content for any reason whatsoever.

    Apr 17, 2011
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    GST/HST
    by: Anonymous

    Hello Lake,

    Yes, my accountant filed an election to change GST/HST from the regular method to quick method.

    Now, I have to submit my Jul-Sept and Oct-Dec 2010 HST returns. Can I adjust the amount there?

    P.S. I am not getting any help from accountant.




    Thanks
    Salman Khan

    Apr 17, 2011
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    Missing ITCs
    by: Lake

    Salmon,

    As you missed all of your ITCs for three reporting periods, my choice would be to re-do the returns properly. Clearly mark AMENDED on them.

    Then write a letter to CRA explaining the problem with the amended returns attached to the letter.

    To do this, you are going to need to bring your books up to date ensuring you are tracking the tax. To track the tax, you will need all your receipts and proofs of payment ... pay particular attention to the section on "What is not a legitimate receipt" which follows the link above.

    If you can't or don't want to do this ... and your accountant doesn't offer bookkeeping as a service, then hire a bookkeeper to bring your books up to date so you can file the amended returns.

    This is just my opinion.

    Apr 25, 2011
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    Is it the same rate for entire year?
    by: Anonymous

    What about a GST/HST return filed on annual basis?

    Do we use a flat rate for the entire year 2010, or do we need to use one rate for Jan - Jun and a different rate for July - Dec?

    Dec 14, 2011
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    GST HST Quick Method
    by: Lingham, Toronto, Canada

    I use the GST/HST Quick Method to file my sales tax return. For corporate tax purposes, how do I:

    1. Record expenses - should it include HST or not?

    2. Record the remaining portion of the sales tax that is not remitted to CRA - For example, I collect $130.00 in HST and forward 89.44 to CRA. $40.56 is the difference (130.00-89.44=40.56)?

    I have called the Canada Revenue Agency but they don't have proper answer. Every agent gives me a different answer.

    If anyone has experience with the GST/HST Quick Method, please let me know.

    Thanks.



    section divider



    Hi Lingham,

    I want to start by saying I have never used this method of reporting sales tax.

    1. As you can't claim ITCs, this would suggest to me that you report your expenses either including the tax OR create an expense account called Sales Tax so you can track it separately to determine if this method of reporting is costing you money.

    2. It is my understanding that you would record the amount of GST/HST collected that does not need to be to remitted to Other Revenue or Sales Tax Revenue or something similar.

    You will find other information on how to report using this method in the above posts.

    Click here to add your own comments





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    Your website is positively BRILLIANT! I don't care at all for the numbers side of my business, but you've made it interesting, fun, comfortable--downright enjoyable! Bite-sized WELL WRITTEN bits walking me through fundamentals, encouraging me, explaining.(Note: "well written" covers everything from "interesting" to "intelligent." The reader doesn't stumble over elementary grammar errors, lots of typos, etc.) I've only just discovered this lovely gold mine!

    Cherie, U.S.




    I have just come across your site and it's great...thank you so much for the time it must take you to compile the data and information. I have no accountancy or book keeping knowledge and am currently trying to learn QuickBooks via YouTube. (lol) There must be an easier way as I don't have the time or finances, what with starting a new business, to attend a course at college or similar.

    Debbie, Vancouver, BC Canada




    As a novice at the bookkeeping game, this site has become my go to site for research. Thank you for the great resource. I do my data entry one or twice a year (very low volume) and I find I need retraining on Quickbooks for things like depreciation/CCA.

    Den, St. Albert, AB Canada




    A More Than FANTASTIC site! So often I've thought about putting something together like your site, but didn't have the time. Googling information about Supplies or Tools over under $500.00 was the most useful Google search I've ever done because of discovering your site. Way to go and THANKS VERY MUCH. PS.... Also loved it that you put the Tax chart for GST HST back to 1997; I spent hours trying to get this information from the CRA website. I've not had time to look at your whole site, but I will be refering to it often I'm sure and will mention anything I think is missing, should I not discover information as I might be looking for it. Thanks, Again

    Leona, Sicamous, BC Canada




    Thank you for your comprehensive reply to my question. I really appreciate the time you took to explain it to me.

    Connie, Canada




    This is an absolutely awesome site! I am not lying. I went to Chapters to try to find something just like this and they did not have what I was looking for - which your site does ... which is good definitions and explanations. I am going to book mark this page if that's okay. ... Great job and thank you. I will definitely use this resource.

    PK Lethbridge, Alberta




    My biggest problem in doing my books is keeping debits & credits straight in liability and equity accounts. I really liked the cheat sheet. (I think that will help me keep the debits and credits straight.)

    Lisa, Williston, USA




    Lake you're awesome in every way. I have had some insight about how to properly classify some accounts.

    Karim, Calgary, Alberta




    Thank you so much for this website. I am interviewing for my first bookkeeping position in over 10 years--and my first in Canada. I have AAS degrees in Accounting and Business Admin from the US but have never worked in "my field" since immigrating in 2000. Your website makes me feel more confident I can actually do the job I am interviewing for. So far, I have been refreshing my knowledge and preparing for a job interview. I've bookmarked the site for WHEN I get the job!

    Robin, Toronto, ON




    I love your website. Just love it.

    Carolann
    CPB Bookkeeping, Inc.
    "The Organizer"
    Lake Worth, FL




    I posted a question on Accumulated Surplus and you asked me to comment on your comments. I really appreciated reading what you posted and it did help. Especially the part of talking to the accountant. That really makes sense. I find more and more that I interact with the accountants to keep on learning. Love Love Love your website. Just discovered it about 3 weeks ago and have been on it lots since then.

    Jan
    Red Deer, Alberta




    Wow. I'm so thankful to have stumbled across your site, with the assistance of Google. :) I love your style of writing, your approach, and your message. Thank you for your time and efforts. In a nutshell, your light humor and simple approach is refreshing and uplifting.

    Kathy, Hillsdale, United States




    Your site is great by the way. I just came across it.

    Trish, Canada




    Thanks for responding so quickly ... I really appreciate all the forum help ... I do Love the forum and have looked through other questions on it and feel it will greatly help in the future. Your site is fantastic and I will recommend it to anyone asking about bookkeeping help.

    Cindy, Calgary, Canada




    It (your site) is very helpful and thank you for your tips and advice. I am so glad I found your site.

    Lee, Calgary, Alberta




    Thank you so much for your hard work on your site ... I find I learn quicker and easier with you than I did with courses. Your site has helped my knowledge, learning new things and with the explanation of terms/items. Keep up the good "BookWORK"!

    Naomi, Balance Your Books, Squamish, B.C.




    This website has been very helpful. It's been too many years since school and I'm a bit rusty.

    Sue, Medicine Hat, Alberta




    I just found this site tonight. It's going to help me a lot as I learn how to use my Quickbooks more fully (I've only used it for payroll). Don't ask me how I've managed to keep the books this long -5 years- without knowing much more than how to balance a checkbook. I'm getting some help from a professional now, but your site will keep my pro costs down. Thank you. I will definitely donate once I begin to use it with my QuickBooks. It's [your site] easier to understand than Help in QuickBooks. QuickBooks assumes I know bookkeeping concepts. It [your site] appears to be very thorough, though I've only scratched the surface of what I can learn. I took an online bookkeeping class a couple of years ago, but this site has direct application to quickbooks and it's a searchable site!

    Ruth, Dos Palos, CA USA




    Thank you for providing valuable information regarding home business taxes on this website.

    U.C., Toronto, Canada




    I started my own bookkeeping business two years ago and enjoy your site. I literally grab my cup of coffee and look around for hours. :D It's a wonderful site with loads of information and I'm all about learning from my peers who might have the answers to some of the questions I may have. Keep up the good work. :)

    Tania, TaniasBookkeeping.org
    Taking the worry away
    Belledune, New Brunswick




    BTW, did you say Bookkeeping? Cuz I fell asleep... just kidding!

    Dr. Julia
    www.advice-with-dr-julia.com

    (I love her humour!)




    Absolutely a great site! I have often dreamed of having a similar site but figured I might have to wait until I retire to get the time. I have bookmarked this site and will return again.

    C.H.
    Alwyn Enterprises
    Scarborough , Ontario




    You have a wonderful website. Thank you so much for letting me know you have one now. [It] is really well done and very, very informative. Also really charming.

    R.P.
    Reliable Recordkeeping
    Toronto, Ontario




    I'm enjoying reading your blog! Thought I'd drop you a quick note of encouragement.

    Loralee, Red2Black.ca
    QuickBooks "one
    on one" coaching
    Edmonton, Alberta




    This is a marvelous site and one that I would like to use as the basis for training bookkeepers. I am a CPA here in the states and am in the process of building a what will hopefully become a substantial bookkeeping business (not a dark wood & gold lettered CPA firm). I want to serve the small business owner with the day to day service they need. You have obviously put in an enormous amount of time and effort here (there is no doubt there) and provide a wealth of fantastic information.

    R. Keith Pierce, CPA, P.A.
    I'll Sweat The Small Stuff For You - JaxTaxPro.com
    Jacksonville, Florida