Quick Method explained, in plain English
The Quick Method is an option for small businesses with under $400,000 in taxable sales. Instead of tracking every individual ITC, you remit a flat percentage of your sales — and you get to keep the rest.
Why it can save you money: if you don't have many big purchases (e.g. you're a service business with low overhead), you'll usually keep more by remitting a lower flat rate than the full HST you collected.
Bonus credit: on your first $30,000 of eligible supplies in a fiscal year, you get an extra 1% credit.
Capital purchases still count: if you buy a $5,000 computer or office furniture, you can still claim the full HST on those — even on the Quick Method.
How we handle it: turn it on in Settings. Pick your filing province and whether you sell mostly services or mostly goods (the rates differ). We compute everything correctly on your GST/HST return.