Simplified or Quick Method Worksheet - Usage Scenario 3 (HST Registration)

Andrew Skujins -

Your client has a cell phone plan costing $50/month throughout the year, and on April 1, your client registered for HST, and the HST Rate is 13% throughout

  • Set the following
    • HST Rate in Column 1 @ 0% 
    • HST Rate in Column 2 @ 13%
    • Telephone and Utilities - Expense in Column 1 - $169.50
    • Telephone and Utilities - Expense in Column 2 - $508.50
  • The worksheet will calculate
    • ITCs in Column 1: $0
    • ITCs in Column 2: $58.50
    • Business expense: $619.50
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