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Sales Tax · Small Business
GST/HST Quick Method Election Calculator
One of the most underused elections available to small businesses under $400,000 in sales. If your input tax credits are small, this could be putting real money back in your pocket every single year.
Reading This Tool
How To Use This Calculator
Enter your annual sales, your province, and what you actually pay in GST or HST on business expenses.
Under the Quick Method you still charge customers the full GST or HST rate, but remit a lower flat rate to the CRA and skip tracking most input tax credits entirely. The math only favours you if your real input tax credits are smaller than the built-in allowance baked into that lower rate.
Your Inputs
Which Method Saves More
-Regular Method Remittance
$0
Quick Method Remittance
$0
Annual Savings With The Quick Method
$0
Annual Remittance: Regular vs. Quick Method
Rates shown reflect the CRA's published Quick Method remittance rate table, confirm the current rate for your specific province and business type in Guide RC4058 before electing. The election is made using Form GST74 and stays in effect for a minimum of one year.