When I elected to use the Quick Method for HST a few years ago, I was able to go back a year, however you can't do that now. See the CRA website for info. For annual filers you must elect by March 31st of the year you want to start using the Quick Method.
On the example for "Calculating HST Detailed Method" the cost for rent only included one month. Although the calculated amount may be off, the concept and information provided verbally is correct as stated.
When I elected to use the Quick Method for HST a few years ago, I was able to go back a year, however you can't do that now. See the CRA website for info. For annual filers you must elect by March 31st of the year you want to start using the Quick Method.
On the example for "Calculating HST Detailed Method" the cost for rent only included one month. Although the calculated amount may be off, the concept and information provided verbally is correct as stated.
