Starting up a business can be a daunting task for the new business owner. It is essential that Ontario business operators are aware of the various registrations required prior to initiating operation.
The 9 basic registrations that are required are:
- Business Number;
- GST/HST Account;
- Payroll Deduction;
- Import/Export Account;
- Corporate Tax Account;
- Vendor Permit Number;
- Employer Health Tax;
- Workplace Safety and Insurance Board; and
- Non-Resident Account.
Most required registrations can be done quickly and easily online at the Canada Revenue Agency website (http://www.cra-arc.gc.ca/tx/bsnss/tpcs/bn-ne/bro-ide/menu-eng.html).