Accounting & Finance

Quick or Regular: Which GST/HST Method Costs Less

The quick method does not mean charging less - you collect the full rate exactly as before and remit a smaller share of it, worked out on your supplies INCLUDING the tax, with a 1% credit on the first tranche. What you give up is the credits on operating expenses, so which method costs less depends entirely on how much GST/HST those expenses carry. On $100,000 of revenue at 13% with an 8.8% remittance rate the quick method hands over $8,994 against the regular method's $11,150 - and the answer flips at exactly $3,356 of GST/HST on operating expenses.

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Accounting & Finance

Canadian small businesses and self-employed people deciding whether to elect the quick method, and their bookkeepers who would rather show the client a number than an opinion.

How it works

  1. List the GST/HST you paid in the year, marking each line operating or capital.
  2. Enter the year's revenue, the rate you charge and your quick-method remittance rate.
  3. Add last year's supplies including tax if you want the eligibility check.
  4. Read the two columns, the difference, and the break-even that says how far you are from the answer flipping.

What you gain

  • Finds the exact point at which the GST/HST quick method stops paying off compared to the regular method, based on your own expenses — instead of guessing.

Screenshot

Technical details

Standard27.99 USD · 1500 requests · 31-day license · one-time payment · 31-day access
Pro55.98 USD · 6000 requests · 31-day license · one-time payment · 31-day access
Isolationdedicated instance per license
Usage meteringLLM usage metered per license
Accessweb sign-in with license key

How to set up & use

  1. Buy the license — your key (lic_...) appears on the order page and in your email.
  2. Sign in at app.synoriaai.com with your license key.
  3. No installation — the product runs in your browser, on your own isolated instance.
  4. 1. Enter a description and the GST/HST you paid for each operating expense, then click 'Add expense'.
  5. 2. If you have capital purchases (like equipment), select 'capital' as the kind and add them the same way.
  6. 3. Fill in your total revenue (before tax), your tax rate (e.g., 13), and the quick method remittance rate (e.g., 8.8).
  7. 4. Enter last year's taxable supplies including tax to check eligibility.
  8. 5. Review the side-by-side comparison and the break-even point shown on the results screen.

Frequently asked questions

Does this tool store my financial data?

No. All figures you enter are processed in your browser only and are not saved or transmitted to any server.

Does the quick method mean I charge customers less tax?

No. You still collect the full GST/HST rate from customers. The quick method only changes how much you remit to the government, not what you charge.

Can this tool tell me which method to choose for my business?

It shows you the exact break-even point where both methods cost the same, based on your numbers. It does not make a recommendation or account for factors outside the figures you enter.

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