Question 1

What do I need to start a business in Canada?

Accepted Answer

To start a business in Canada you need: a business plan, registered business name, Business Number from CRA, GST/HST registration (if revenue exceeds $30,000), business bank account, appropriate licenses and permits, and business insurance. Requirements vary by province and industry.

Question 2

How much does it cost to register a business in Canada?

Accepted Answer

Business name registration costs $60-80 in most provinces. Provincial incorporation costs $300-500, federal incorporation costs $200 online. Additional costs include business licenses ($50-500 depending on municipality), insurance ($500-2,000/year), and professional fees.

Question 3

Do I need to incorporate my business?

Accepted Answer

Incorporation is optional but provides liability protection, potential tax advantages, and credibility. Sole proprietorships are simpler and cheaper to start but offer no liability protection. Consider incorporating when revenue increases or you need to limit personal liability.

Question 4

When do I need to register for GST/HST?

Accepted Answer

GST/HST registration is mandatory when your business earns more than $30,000 in a calendar quarter or over four consecutive calendar quarters. You can voluntarily register below this threshold to claim input tax credits on business expenses.

Canadian Business Startup Checklist

Business Planning

Legal Registration

Licenses & Permits

Financial Setup

Insurance

Operations Setup

Marketing & Online Presence

Important Resources

Frequently Asked Questions

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Related Tools

Business Name Generator

Incorporation Calculator

GST/HST Calculator