Can I claim 1% credit on first $30000 even if my sales are less than $30000 for HST quick method or is it pro rate basis

Question

2206 viewsJanuary 22, 2018Business Tax

0

Tito (anonymous) Posted January 19, 2018

Dear Mr Allan
Can I claim 1% credit on first $30000 ($300) even if my sales is $8000 for HST quick method or is it pro rate basis ($8000 x 1% = $80)

1 Answer

score 0 · Answer 1 · 2018-01-22T16:54:54+00:00

Hi Tito, the 1% credit will only apply to the sales that you have made up to $30,000. For example, if your sales are $8,000, then you will receive a credit of $80 (1% x $8,000).

Can I claim 1% credit on first $30000 even if my sales are less than $30000 for HST quick method or is it pro rate basis

1 Answer

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