Register your business the easy way

April 23, 2015 - Tags: Managing Taxation Startup Regulations

This guest blog post is provided by the Canada Revenue Agency, which administers tax laws and delivers social and economic benefit and incentive programs.

Register your business the easy way

You've planned and developed your business idea. You've organized your finances. You've done all the market research and have all the relevant statistics at hand. So, what's the next step?

It's always a good idea to complete all the registration and licensing requirements with your municipal, provincial, and federal governments early on. At the federal level, one of the things you'll need to do is register your business with the Canada Revenue Agency (CRA).

Visit the CRA's website to find out if you need a business number. If you do, you can use the CRA's upgraded Business Registration Online service to get one. You can also use the service to register for your corporation income tax, goods and services tax/harmonized sales tax (GST/HST), payroll, and import/export accounts!

The CRA's upgraded service:

  • Is user-friendly
  • Lets you complete multiple business registrations
  • Lets you register your business for more than one account of the same type — for example, a business can register for two payroll accounts if it wants to divide its payroll
  • Records the business owner's social insurance number (SIN), name, and telephone number when registering for an account
  • Uses a new service to authenticate the person registering
  • Allows the registration of a GST/HST account to an existing business number (except for a sole proprietorship) if the business owner's SIN is missing

You can also use the service to register or apply for Ontario, Nova Scotia, and British Columbia business accounts. To get started, go to the CRA's Business Registration Online service.

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