Businesses that are allowed to use the Quick Method for applying GST/HST include -
A)banks and other financial institutions
B)any business with annual sales less than $500 000
C)some small businesses
D)all businesses may use the Quick Method

Question

Quizplus · Accepted Answer

Only some small businesses are allowed to use the Quick Method for applying GST/HST. The eligibility criteria vary by province/territory and type of business. Banks and other financial institutions are not allowed to use this method, and businesses with annual sales of $500,000 or more are also not eligible.

Businesses That Are Allowed to Use the Quick Method for Applying