HST · 15%

Newfoundland & Labrador GST/HST Remittance Calculator

Quick Method vs. Regular HST — which saves you more in Newfoundland & Labrador? Enter your revenue and expenses to find out.

Newfoundland & Labrador Quick Method Rates — CRA RC4058

QM applies to
15% HST
Services rate
10%
of tax-included revenue
Goods / Retail rate
5%
of tax-included revenue

Your Details

$

What you invoiced or earned, not including the tax you charged on top.

$

Total GST/HST on your business receipts — subscriptions, supplies, equipment. Used for Regular Method ITC calculation.

Not sure? If most of what you do is a service, pick Services.

Fill in your details above to see the side-by-side comparison

Quick Method for Newfoundland & Labrador sole proprietors

Newfoundland and Labrador's 15% HST is tied for the highest in Canada, which makes the Quick Method spread particularly valuable here. Service providers remit 10% of tax-included revenue to CRA — keeping 5 percentage points on every HST dollar collected. NL has a strong trades and contractor economy, and many sole proprietors invoice clients in oil and gas, construction, and professional services. For a freelance consultant in St. John's invoicing $50,000 per year, that 5-point spread on $56,500 in tax-included revenue translates to roughly $2,825 kept per year — with no ITC tracking required.

To elect the Quick Method: file Form GST74 with CRA before the first day of the reporting period you want it to apply to. Once elected, you must stay on Quick Method for at least one full fiscal year before switching back.

Who can't use Quick Method: accountants, bookkeepers, lawyers, notaries, financial advisors, and actuaries are ineligible in all provinces. Most other sole proprietors with annual taxable revenue under $400,000 qualify.

CRA RC4058 — Quick Method of Accounting for GST/HST ↗

NorthOS tracks this automatically

Connect your bank or upload receipts and NorthOS calculates your HST remittance each quarter — Quick Method or Regular — so you always know what to send CRA.

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This calculator is for informational purposes only and does not constitute tax advice. Rates are based on CRA's published Quick Method remittance rates (RC4058). Always verify current rates with CRA or a qualified tax professional before filing.