pg 68

Question 1

One very simplified way to measure the return for marketing effort is to:

Answer 1

1 - Determine the total cost of your marketing progr ams over the year
2 - Determine the total increase in the number of appointments
3 - Multiply the number in step 2 by your rate & compare the result to the total cost in step 1

Question 2

There are 4 major program accounts associated with a BN. These are:

Answer 2

RT – HST
RP – payroll
RC – corporate income tax
RM – import/export

Question 3

in Canada, before a health care professional can be exempt from charging HST
for their services, the profession must be regulated in at least________________

Answer 3

five provinces

Question 4

You MUST register for HST when your income exceeds _________ in the past four consecutive
calendar quarters or in a single calendar quarter.

Answer 4

$30,000

Question 5

An ______ is a credit that HST registrants can claim to recover the/HST they pay for goods or
services they have purchased in the course of their business activities.

Answer 5

ITC

Question 6

In Ontario HST is _%

Answer 6

13

Question 7

Once you have registered for an HST account, you will be responsible for submitting an HST
return to the CRA – typically on a quarterly basis.

Answer 7

quarterly basis