Success-In-Canada

Success-In-Canada

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We're here to support both new and long-time Canadians in building a successful life.

07/10/2025

💡Thinking of starting your own business in Canada?

1. Register Your Business the Right Way
📋 Choose a business structure:

Sole proprietorship (easiest to start)

Partnership

Incorporation (for limited liability & tax planning)
Then register your business name and number with your province (e.g., Ontario Business Registry) and get a Business Number (BN) from the CRA.

2. Know Your Legal & Tax Responsibilities
💰 Open a separate business bank account and track all income/expenses.
✅ Understand if you need to charge GST/HST (required once you earn $30,000+/year).
Also check: Do you need licenses or permits?
Do you need liability insurance?

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Toronto, ON