NorthOS
Get Started
HST · 15%

Prince Edward Island GST/HST Remittance Calculator

Quick Method vs. Regular HST — which saves you more in Prince Edward Island? Enter your revenue and expenses to find out.

Prince Edward Island 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
⚠Seasonal businesses benefit from the Quick Method's proportional structure — you only remit on revenue actually collected each period, so a quiet January produces a smaller remittance automatically.

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 Prince Edward Island sole proprietors

Prince Edward Island charges HST at 15%. PEI's economy has a significant seasonal component — tourism operators, food producers, and accommodation providers make up a large share of sole proprietors on the Island. The Quick Method is particularly well-suited to seasonal businesses because remittance is calculated on actual revenue each period: lower in slow months, proportional in peak season. A PEI tourism operator pulling in $60,000 in revenue keeps roughly $2,900 extra per year compared to zero-ITC Regular Method filing, with no receipt 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 ↗

Related tools for Prince Edward Island

📊
Prince Edward Island $30K Threshold Predictor
Find out when you need to register for HST
📖
Quick Method vs Regular — Full Guide
In-depth comparison with examples for Canadian sole proprietors

Other provinces

Ontario
13% HST
British Columbia
5% GST
Alberta
5% GST
Quebec
5% GST
Nova Scotia
14% HST
New Brunswick
15% HST
Newfoundland & Labrador
15% HST
Prince Edward Island
15% HST
Manitoba
5% GST
Saskatchewan
5% GST
Northwest Territories
5% GST
Yukon
5% GST
Nunavut
5% GST

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.

Try NorthOS free

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.