Financial calculator
Business GST/HST remittances
Estimate annual net tax and compare the regular and quick methods for your province.
Your business
CAD
CAD
Enter eligible tax credits, not the purchase price. Expense reimbursements and special adjustments must be handled separately.
GST/HST only. QST and provincial sales taxes are filed separately.
Your result
Annual net tax to remit
$22,100.00
- GST/HST collected
- $32,500.00
- Eligible ITCs
- -$10,400.00
- Annual net tax
- $22,100.00
Method and assumptions
Regular method: GST/HST on sales minus the ITCs you enter. All sales are assumed taxable at the selected province’s rate.
Quick method: CRA remittance rate on GST/HST-inclusive sales, minus the 1% credit on the first $30,000 when eligible and eligible capital-property ITCs. Establishment and sales are assumed in the same province. Exempt and zero-rated sales and special situations are not modeled.
Official quick-method guide (CRA)