Quebec Discusses Charities’ Election to Not Use the Net Tax Calculation Method

Certain charities that are GST/HST and QST registrants can elect not to use the net tax calculation method for charities to calculate their net tax, if they are in one of the following situations:

• make sales of property and services outside Canada (or outside Québec, for QST purposes) in the ordinary course of a business;
• make zero-rated sales of property and services in the ordinary course of a business; or
• have substantially all (90% or more) of taxable supplies.

In order to make the election, Form FP-2488-V must be completed and filed with Revenue Quebec.  For more information, please refer to Revenue Quebec’s webpage.