Businesses that are allowed to use the Quick Method for applying GST/HST include -
A) banks and other financial institutions
B) any business with annual sales less than $500 000
C) some small businesses
D) all businesses may use the Quick Method
Correct Answer:
Verified
Q6: GST/HST differs from other sales taxes in
Q7: Registration for GST favours a business because
Q8: Items that are not taxable for GST
Q9: The percentage tax rate applied for the
Q10: The Harmonized Sales Tax or HST is
Q11: Provinces that apply HST -
A) have an
Q12: Provincial sales taxes -
A) apply at the
Q13: PST paid by a business on business-related
Q14: HST (Harmonized Sales Tax) differs from GST
Q16: Businesses must register for GST and apply
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