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Question

What are the main differences when using quick method vs actual when doing remittance? are there any big pros and cons to each?

Forum|Forum|4 months ago
February 24, 2026
1 reply
2 views

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user17713445337

Level 6

The main difference is that the Quick Method uses a reduced, fixed percentage of total sales to calculate GST/HST remittance without claiming input tax credits (ITCs) on most expenses, simplifying paperwork. The Actual (Regular) Method requires tracking all tax collected minus all tax paid (ITCs). The Quick Method is generally best for service businesses with low expenses, while the Regular Method is better for businesses with high taxable expenses.

Quick Method of Accounting for GST/HST

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