By Jason Heath, CFP on June 2, 2026 Estimated reading time: 4 minutes

What is the Quick Method of Accounting for GST? 

By Jason Heath, CFP on June 2, 2026 Estimated reading time: 4 minutes

The GST quick method can simplify tax reporting for small businesses—but it’s not right for everyone. Here’s who qualifies and when it can save money.

When a business hits $30,000 of revenue in four consecutive calendar quarters, it must register to collect goods and services tax (GST). Voluntary registration is also available before passing this threshold. This applies to sole proprietors and corporations.

A registrant tracks GST collected and GST paid on expenses (called input tax credits or ITCs). This can be onerous, especially for a smaller sole proprietor. 

The GST quick method is a simplified reporting option for small businesses regardless of the business structure. Instead of having to track all the GST collected on income and paid on expenses, you can elect to remit a fixed percentage of your gross revenue. The percentage is less than the total GST you might otherwise collect to consider a notional amount of ITCs instead of the actual GST on expenses.

Who is eligible for the quick method?

Only businesses with a permanent establishment in Canada qualify for the........

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