It means that for each applicable remittance rate- you have to subtract the professional fees plus the HST charged. Or you can take what you have collected as HST and multiply it by the applicable quick method rate.
The remittance rates of the quick method are less than the applicable rates of GST/HST that you charge. This means that you remit only a part of the tax that you collect, or that is collectible. For more information, please check the following CRA links,
What are your quick method remittance rates?
The quick method of accounting
If you require further assistance please contact our phone support team or contact us directly on Facebook or Twitter.
Thank you for choosing TurboTax.
sueharrison
New Member
donnamcmurtry11
New Member
apriljrdn
New Member
neil-seradj-com
New Member
Harrella
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.