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