Start your business with as little as $100
Start your business with as little as $100 or $150
You missed the deadline. Here’s exactly what the CRA does next, and how fast the clock starts ticking. What Is Your Actual Corporate Tax Filing Deadline? Every Canadian corporation has to file a T2 Corporation Income Tax Return within six months of its fiscal year end. If your fiscal year ends on December 31, your…
Most Canadian sole proprietors are one bad year away from a decision they’ll wish they made sooner. Quick answer: if your business is growing, carrying any real risk, or making enough that your personal tax rate is starting to sting, incorporating is usually worth it in 2026. If you’re still testing an idea, working part…
In June, Canada added 6,490 new businesses. It also lost more businesses than any month in over a year. Both things are true, and honestly, once you look at the numbers side by side, neither one is surprising anymore. Here’s the short version. New business formation in Canada is recovering slowly after a wild, statistically…
Starting July 1, 2026, Ontario cut its small business corporate tax rate from 3.2% to 2.2%. Combined with the federal rate, that drops the total tax on your first $500,000 of active business income from 12.2% to 11.2%, worth up to $5,000 a year for an eligible corporation. If your fiscal year straddles July 1,…
If you’re starting a business in Brampton, Mississauga, or Caledon, here’s the short version: you register through the Ontario Business Registry, not through the City of Brampton or Peel Region directly. Your municipality only comes into play afterward, for zoning and any local business licence your specific trade needs. Get the provincial piece sorted first,…
The trade name registration fee in Ontario is $60 payable to the Ontario Business Registry and the process takes around 1-2 business days. This service is mandatory whenever an individual is using a name that differs from his/her actual name or the actual name of his/her company. In case you have completed the sole proprietorship…
A Business Number (BN) is a nine-digit federal identifier issued by the Canada Revenue Agency (CRA) for tax purposes. A Corporation Number is the identifier assigned by a provincial or federal registry when your business is legally incorporated. That’s the core of the business number vs corporation number distinction: one exists for tax purposes, the…
Do You Need to Register for HST After Incorporating in Ontario? Yes, and if your business has crossed (or expects to cross) $30,000 in taxable revenue, you’re legally required to. Here’s the short version: Once you incorporate in Ontario, HST registration isn’t automatic. You need to separately register with the Canada Revenue Agency, either online,…
A Business Number (BN) is a 9-digit CRA identifier assigned to your corporation after incorporation. In Ontario, you receive it automatically within 2–5 business days after filing your Articles of Incorporation federally. Provincial incorporations require manual registration at canada.ca or by calling CRA at 1-800-959-5525. What is a Business Number in Ontario? A BN is…
If you are planning to incorporate a business in Ontario, then Articles of Incorporation is the form you should start with – and get right! Having helped many entrepreneurs and small business owners with this very issue over the years, let me assure you that this is not as complicated as you might have thought;…
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