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Published July 4, 2016 | Category : GST and QST

Special Quick Method of Accounting: Increase in the Rate for Municipalities

The prescribed QST rate for municipalities that use the Special Quick Method of Accounting for public service bodies is being increased from 5.7% to 7.3%. The new rate applies to reporting periods that begin after June 30, 2016.

Note

The prescribed GST rate for municipalities remains unchanged at 4.7%.

Fair. For all.