Special Quick Method of Accounting for Public Service Bodies
Owing to the special nature of their activities, qualifying non-profit organizations (NPOs) and certain public service bodies can use the Special Quick Method of Accounting to calculate the GST and QST to be remitted.
To make the election to use the Special Quick Method, you must file form FP-2287-V, Election by a Public Service Body to Use the Special Quick Method of Accounting or Revocation of the Election.
With this method, you simply multiply the total taxable sales on which you collected (or were required to collect) GST and QST by the prescribed rate for the type of organization concerned.
| Type of organization | Prescribed rates | |
|---|---|---|
| GST | QST | |
|
Hospital authorities, facility operators and external suppliers |
4.5% | 7.3% |
| School authorities | 4.4% | 7.3% |
| Municipalities | 4.7% | 7.3%1 |
| Qualifying NPOs, designated charities and specified facility operators | 3.6% | 7.3% |
| Universities and public colleges | 4.1% or 4.4%2 | 7.3% |
- The 7.3% rate for municipalities came into effect on July 1, 2016. Before that date, the rate was 5.7%.
- The 4.1% rate must be used if vending machine sales made by a university or college represent at least 25% of the organization's total sales. Otherwise, the 4.4% rate must be used.
For more information on public service bodies and the application of the GST and QST, click Public Service Bodies – GST/HST and QST.
HST
If your organization makes sales in participating provinces, see the information concerning the special quick method of accounting on the Government of Canada website to find out what the applicable rates are.