Glossary: Q

abcdefghijklmnopqrstuvwxyz

2 Canadian tax & accounting terms starting with Q

Plain-language definitions, each with the CRA rule it comes from and the filings it affects.

Quick Method

The Quick Method is a simplified GST/HST accounting option that lets eligible small businesses remit a flat percentage of tax-included sales instead of tracking every input tax credit.

Quick Ratio

The quick ratio, or acid-test, measures liquidity using only the most liquid current assets, excluding inventory, divided by current liabilities.
Free 15 Min Consultation for Businesses

Ready to get started with Tax & Accounting?

Talk to a professional tax accountant about your situation. No obligation, and you only pay once the work is complete and you have approved it.

Book Free Consultation View Pricing
  • Tax accountant led team
  • Fixed fees, no hourly billing
  • Pay only after you approve

Our Partners Are Alumni of the World's Top Accounting and Tax Institutions

Chartered Professional Accountants Canada AICPA — American Institute of Certified Public Accountants Institute of Chartered Accountants of India Malaysian Institute of Accountants