Enter annual revenue, pick your rate class — services remit 8.8%, retail and wholesale 4.4% — and add the input tax credits you would claim the regular way. The calculator files both ways side by side: a $120,000 service business collecting $15,600 of HST with $2,400 of ITCs remits $13,200 the regular way but $11,633 on the quick method once the 1% credit applies — keeping $1,567.
Instead of remitting HST collected minus input tax credits, you remit a flat percentage of your HST-inclusive revenue — 8.8% for service businesses, 4.4% for retail and wholesale — and keep the difference. The trade-off is giving up ITCs on most expenses.
Businesses with high labour and low expenses — trades, consultants — because the forfeited ITCs are small next to the spread. The default $120,000 service business keeps $1,567 more; a business with heavy input costs can do better filing regular. Run both with your real ITC number.
The quick method grants a 1% rate reduction on the first tranche of each year's revenue — worth $300 at the calculator's default — and it only applies while the election is in place. Toggle it off to see the comparison without it.
You must elect it with CRA on form GST74 before you file — it is not automatic, and eligibility has limits. Confirm the election and its timing with your accountant before building the savings into cash flow.
Every calculator runs from one config: your name, your colours, your prices. Brand it below, open any tool from the catalogue, and finish a quote — the lead lands in the table here the moment the estimate unlocks. On your own site the widget works exactly like this.
| Captured | Name | Contact | Tool | Job value |
|---|---|---|---|---|
| No leads yet — run any tool in the catalogue and finish the quote. | ||||
| Tenants signed | Avg. rent | Monthly | Annual |
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