A retail store in Ontario had fully taxable sales revenue of $330340 before applicable taxes during 2022. It had no other sales revenue in 2022. In addition, it incurred $48758 in other capital property expenditures and $62503 in capital real property expenditures during 2022. All expenditure amounts are before applicable taxes. Calculate the store's HST Payable or HST Refund using the Quick Method.

Answer rating: 100% (QA)

To calculate the HST payable or refund using the Quick Method in Ontario you need to follow these st... View the full answer