Do you need to register?
Your business must register for a GST/HST account and charge GST/HST if you sell taxable supplies in Canada and are generating over $30,000 in revenue.
Whether you decide to go solo or in a partnership there are two main legal structures. Sole Proprietorship or Incorporation. However, there is more it than just the legal structure. Business Registration may also involve:
At BG Accounting and Business Solutions we not only help you decide which registration is most suited for, but we can also register you in less 24 hours in most cases.
Find out which type of business structure works best for you.
Once your business is generating revenue, you may need to register for, collect, and remit the federal goods and services tax (GST) or, in some provinces (like Ontario), the harmonized sales tax (HST).
Your business must register for a GST/HST account and charge GST/HST if you sell taxable supplies in Canada and are generating over $30,000 in revenue.
If your business has employees, facilities, or offices in Ontario, you must register using the Ontario Business Registry.
Basically, if you're doing any business are required to register such business either as a Company or a Firm or an LLP (Limited Liability Partnership). Instead of going for company registration, you could register the business as a Sole proprietorship.
You have to file an income tax return if your net earnings from self-employment were $400 or more.
You are not required to register for GST/HST if your business revenue over four consecutive quarters is less than $30,000 CAD.
It will cost $250* and will take 10 business days to register.
You Need to Be a Canadian Citizen or a Landed Immigrant to Start a Business in Canada. You can't start a business while you're in Canada on a visitor or student visa or while you're here on a work permit.
Incorporating federally costs between $200 and $250. Provincial incorporations vary by province , cost vary from province to province.
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