As I am a small business, I have elected to use the Quick Method.
Only trouble is I am not sure (how to file my return) as we switched to HST July 1st 2010.
I have approx $20,000 for GST and $5,500 in HST.
I haven't any idea what the Quick Method Rates are for both. Is there anyone there to help me with this calculation. I am an annual filer and need to file by March 31st 2011 for Jan 1 2010 to Dec 31 2010.
I just posted two responses to similar questions recently at GST/HST Split Filing
and GST/HST Quick Method
. Scroll down to the last two entries to see the latest posting.
I have created a Quick Method Rates Table
where you can look up your rates. There are two sets of tables. One for before July 1, 2010 and on for after June 30, 2010.
The tables are broken down between participating provinces and non-participating provinces. You will be a non-participating province before July 1, 2010 and a participating province after June 30, 2010.
Once you've chosen your type of province, you will need to determine if you are selling a service or product. Finding your GST Quick Method rate on the pre-July table should help you decide what you have been filing as in the past.
The Quick Method will not be "quick" if you have out-of-province sales due to the new place of supply rules that went into effect on May 1, 2010.
Also makes sure you follow the links to "new place of supply rules" and "transitional rules" in the two links above.
Glen, once you've read the above postings I've mentioned and followed the links, post back if there is still something that isn't "clicking".
I find it is always helpful to take a deep breath and drag a hand through my hair before diving into figuring out "new stuff". :0)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.