John and Peter are siblings. Each of them runs a separate unincorporated business. All of the businesses operate in Ontario where the HST rate is 13 percent.

If the Quick Method is used in that province, the Ontario quick method remittance

rate is 4.4 percent for a retail business and 8.8 percent for a service provider.

The siblings provide you with the following annual information for their businesses.

All amounts are reported inclusive of HST. None of the sales or purchases were zero-rated or exempt, and none of the businesses made any capital expenditures during the year.

Type of Business Sales Purchases

John Guided Fishing Trips $ 90,400 $ 24,860

Peter Fishing Equipment Sales 197,750 135,600

Required: Recommend whether any of the businesses should use the Quick Method to

calculate net HST remittances. Show your calculations