Once you’ve assessed your project’s profitability and determined your financing needs, you need to familiarize yourself with the rules and regulations that apply to new businesses.
Here is a non-exhaustive list of subjects to explore, as well as a few key sites to visit:
You can sign up for provincial and federal programs with the Business Registration On-line service provided by the Canada Revenue Agency (ARC):
- business name registration
- Corporation Income Tax
- Goods and Services/Harmonized Sales Tax (GST/HST)
- Retail Sales Tax (RST)
- payroll deductions
- Employer Health Tax (EHT)
- Workplace Safety and Insurance Board (WSIB)
To learn about labor standards, visit the site of the Ontario Ministry of Labour.
Also visit BizPal for one-window access to information about business permits and licenses, often for all government levels.