Free calculator · 2026 rates

HST Quick Method Calculator (Ontario)

See whether the Quick Method of accounting would lower your HST remittance compared with the regular method of claiming input tax credits.

Quick Method saves you

Annual HST remitted

Regular method$0

Quick Method$0

HST collected (13%)$0

Sales including HST$0

Quick Method rate8.8%

1% credit (first $30,000)$0

Not available to accountants, lawyers, bookkeepers, financial or tax consultants and some others. The amount you keep is taxable business income. Elect with Form GST74.

How this calculator works

Quick Method: remit 8.8% (services) or 4.4% (goods for resale) of HST-included Ontario sales, less a 1% credit on the first $30,000.
Regular method: 13% collected on sales minus 13% input tax credits on taxable business purchases.
Eligible if annual worldwide taxable supplies, including GST/HST, are $400,000 or less. Some professions (accounting, legal, bookkeeping and others) cannot use it.

Important

Results are estimates for general information, based on 2026 federal and Ontario figures verified October 27, 2026. Federal Budget 2026 (November 5, 2026) may change some amounts. Your actual tax depends on credits, deductions and circumstances not captured here.

Get help with HST/GST

Frequently asked questions

Can I still claim ITCs on the Quick Method?

Only on capital purchases, such as equipment or vehicles. ITCs on day-to-day expenses are built into the reduced rate.

Is the Quick Method saving taxable?

Yes. The difference between HST collected and HST remitted is business income for income tax purposes.

How do I elect the Quick Method?

File Form GST74 with the CRA, usually by the due date of the first return you want it to apply to.

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