The Quick Method of HST typical results in a lower HST payable to Canada Revenue Agency if you are service based business. If you are not sure of the difference between the quick method and the long method of HST or would like to see which method is best please review our recent block method on HST Quick Vs. Long. If you wish to opt for the “Quick Method” when applying for this number, be sure to request and complete the Election and Revocation of an Election to use the Quick Method of Accounting
Should I deduct my disability and life insurance premiums?
No. Disability insurance premiums should never be deducted against your personal or
