Diamond CPA

A simpler way to handle GST without complex calculations

Handling GST can take up more time than expected, especially when you’re tracking every expense and calculating input tax credits. But there’s a simpler option many small businesses overlook: the Quick Method of GST accounting.

This approach is designed to reduce calculations and simplify how you remit GST, while also lowering your total payments in many cases.

Why Business Owners Look Into the Quick Method

Instead of tracking GST on every single expense, this method lets you:

  • Work with a fixed rate based on your total income.
  • Skip detailed expense tracking for GST claims.
  • Reduce the time spent on bookkeeping tasks.

For many small businesses, this can mean noticeable savings and fewer administrative headaches.

A Simple Example

Here’s how it works in basic terms:

  1. Take your total income (including GST)
  2. Apply a reduced remittance rate (for example, 3.6% in Alberta)
  3. Apply for a small credit (up to $300 annually)

That final number is what you remit, no complex breakdowns required.

Who Can Use It?

The Quick Method is commonly used by:

  • Service-based businesses (consultants, IT providers, photographers)
  • Contractors (painters, cleaners)
  • Small operators like taxi drivers or caterers
  • Many home-based businesses

There is a revenue threshold, so not every business qualifies.

Want to See If This Can Work for You?

This is just a quick overview. The actual savings and eligibility depend on your business structure, income, and location.

👉 Read the full breakdown here:

THE MAGIC METHOD OF SAVING 1,000’S OF DOLLARS ON GST GST#2

or Scan the QR below:

Find out how the numbers work in detail and whether this method fits your situation.

For more details,

📞 Call Now: +1 (403) 291-5617

✉️ Email Us: dadatia@shaw.ca

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