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- Reporting period
- Filing the returns
- Remittance of tax due or refund
- Quick Method of Accounting
- Claiming ITRs and ITCs
Reporting period
You must file GST and QST returns at the end of each reporting period. Revenu Québec assigns you a reporting period at the time you register, based on the estimated amount of your annual taxable and zero-rated sales in Canada, including the sales of your associates.
The assigned reporting period may be monthly, quarterly or annual; however, you may elect to adopt a different reporting period if the amount of your sales warrants such a change.
| Annual taxable sales | Assigned reporting period | Other possibility |
| $500,000 or less | annual | monthly or quarterly |
| From $500,001 to $6,000,000 | quarterly | monthly |
| More than $6,000,000 | monthly | none |
The beginning and the end of your reporting period are determined by your fiscal period.
| Example |
| If your reporting period is annual and your fiscal period ends on December 31, your reporting period will begin on January 1 and end on December 31. For your first year, your reporting period extends from the date of registration until December 31. |
If you expect to claim ITCs and ITRs on a regular basis, it may be to your advantage to file returns more often. Please note that once you elect a particular reporting period, you are generally not allowed to change it until the end of your fiscal period.
