Quick Method of Accounting: Tool for estimating the reduction in GST and QST to be remitted

To use this service
Purpose of the service	To find out whether you may use the Quick Method of Accounting To estimate the amount of the reduction in GST and QST to be remitted if you use this method
Users	Individuals in business (self-employed persons), corporations, partnerships and any other legal entities
Conditions for use	None

This tool is designed for businesses that may use the Quick Method of Accounting and that have the following characteristics:

• They make taxable sales only in Québec. 
• They have carried on commercial activities for at least four consecutive quarters. Their purchases and sales for the previous fiscal period are used to estimate those for the current fiscal period.
• They may elect to use the Quick Method of Accounting. This election applies to both the GST and QST systems and is made at the start of the fiscal period.

If your business does not have these characteristics, you may still use the Quick Method of Accounting. However, the amount of taxes to be remitted must be calculated by hand.