Cedar Ridge Advisory Ltd. is an Alberta consulting corporati…
Cedar Ridge Advisory Ltd. is an Alberta consulting corporation registered for GST that has elected to use the Quick Method. During the current reporting period, Cedar Ridge earned $240,000 of taxable consulting revenue before GST and charged its customers $12,000 of GST. The applicable Quick Method remittance rate is 3.6%. During the same period, Cedar Ridge paid $4,800 of GST on ordinary operating expenses and $1,500 of GST on computer equipment acquired for use entirely in its commercial activities. For purposes of this question, ignore any additional Quick Method credit. What is Cedar Ridge Advisory Ltd.’s net GST remittance for the reporting period?