Business startup in Canada

Business
Startup in
Canada
Stuff Every Business Should Know

Business Startup in Canada (Stuff Every Business
Should Know)
Title
Master Steve
Author
Somayeh Amiri, Tara Kamangar
Colleagues
Keyvan
Layout
Designer
Silk Road Publishing (Toronto, Canada)
Publisher
Printed Book: 978-1-990236-09-9
EBook: 978-1-990236-10-5
ISBN
www.MasterSteve.com
Website
Note: The author of this book gives the right to use the
present content, provided that the source is cited, to
professors, educators, teachers, lecturers, and academic
and non-academic educational centers, for an indefi-
nite period.
The copyright of this book is internationally registered
for the author.

Content
Introduction ...............................................................................................5
Chapter 1: Before Launching.
........................................................7
Evaluation and Research Before Starting a Business ......... 8
Buying or Starting a Business? .................................................... 12
Key Items in Buying a Business....................................................14
Business Valuation Based on Estate Property and Facilities... 15
Business Licenses and Permits.................................................... 16
Key Items in Buying a Franchise (Representative) ........... 16
Renting or Ownership of a Location ........................................18
Writing a Business Plan ...................................................................18
Chapter 2: Different Legal Business Models in Canada.
...21
Types of Common Business Models in Canada ................22
Sole or Partnership Business (Corporation) .........................23
Corporation ..........................................................................................25
Benefits of Corporate Registration in Canada ....................25
Chapter 3: Corporate Registration in Canada.
..............28
Methods of Corporate Registration in Canada....................29
Steps of Registering a Corporation...........................................32
1. Name Searching .......................................................................32
Copyright and Trademark ................................................32
Business
Startup
in
Canada
3

2. Filling the Forms ....................................................................33
3. Getting the Required Licenses and Permits...............34
4. Getting a Tax Code ................................................................36
Value-added Tax.....................................................................36
Benefits of Having HST ..................................................... 37
Opening a Bank Account in Canada ............................38
Corporate Registration or Representative for
Non-Canadians ..................................................................... 40
Getting Finances for the Corporation ........................42
Chapter 4: Secondary Yet Important Notes in Regis-
tering and Maintaining a Corporation................................53
A. Choosing a Location for the Corporation ......................54
B. Gathering a Team and Recruiting Employees .............. 55
C. Accounting and Recording Documents ............................56
D. Insurance ......................................................................................... 57
E. Product Sales and Marketing ................................................. 57
F. Import and Export .......................................................................59
G. Current Highest-Paying Jobs in Canada .......................... 61
Useful Links .............................................................................................67

4

Introduction
To start a business in Canada, you should consider
a set of items so you could both have a secure path
ahead and guarantee the future of your business and
capital up to a reasonable extent.
Besides the basic items and principles required for
registration, launching and legal processes, the key
points you should be aware of and follow during de-
cision making and starting a business are provided for
you in this document.
According to “smart business’, my business phi-
losophy, we examine a topic in business from differ-
ent aspects, and in each aspect, we consider its pres-
ent, future and outcomes; then we decide to take or
disregard an action, and if the decision is to do it,
we pick the best way among those we have already
examined.
Business
Startup
in
Canada
5

Generally, there are two types of people who intend
to invest in Canada:
z
People who are resident of Canada
z
People who aren’t resident or people who live
outside of Canada
The path toward starting a business is the same for
both types, and there are only minor differences which
will be fully discussed in this book.

6

Evaluation and Research Before Start-
ing a Business
Before taking any action, do your research and avoid
moving forward simply based upon your prior and sub-
jective knowledge. Through a primary research, identi-
fy the market climate of the target country before start-
ing a business in there.
While starting a business in a new environment, im-
migrants face a grave challenge; they lack a proper un-
derstanding of geographical zone in the target country.
Each geographical zone has its business model. The first
step in this situation is to identify these methods.
¾
First, evaluate yourself, assess the resources, and
see if you can adapt yourself to the new environ-
ment and its unique business models.
¾
See if you have the potential, resources and con-
ditions of starting a new business.
¾
Examine how expert you are in the category of
the business you intend to start.
Before
Launching
8

In Canada, numerous educational workshops and
seminars are held daily. For instance, Toronto munic-
ipality holds quite practical seminars about business.
90% of these seminars are free of charge and the re-
maining 10% demand a low cost. By attending these
seminars, you will obtain useful information and many
interesting yet useful business ideas will come to your
mind.
These seminars are even held on the internet. Try
to find them in the city you live and appreciate them.
Note:
Note:
When you are hired in a corporation as an employee
in a foreign country, you will face way fewer prob-
lems comparing to when you start your own busi-
ness.
Sources of information are your first requirement.
Gather information in any way you can. Whenever
you attend a conference or a seminar, ask for the vis-
iting card of anyone you think might be of any help
to your business. Information of people will be handy
in the future. As an entrepreneur starting a business
in Canada, you must always be on the lookout for
any useful information that might help your business
grow and make the process of advancing your busi-
ness easy.
Business
Startup
in
Canada
9

Nowadays, internet can be used to facilitate these
research activities. In modern world, there are tools
such as Google which made the process of research
a very easy one. Use Google a lot and employ new
smart methods because it constantly updates the way
it searches and it will provide you with a large number
of research tools.
One of the interesting things about Google is that
when it is looking for an answer to a question among
searching options of others, it provides suggestions
which are a resultant of the questions asked by oth-
er people about that same subject. These suggestions,
which are in fact the proper ways of asking such ques-
tions, can also be used by you to gain more knowledge
about what you are looking for. For instance, even when
you type in Pinglish, it provides you with those sugges-
tions.
For example, let us assume you want to launch a
restaurant. As soon as you enter the word, restaurant,
in the searching box, many answers appear under that
keyword showing what others asked about that word
‘restaurant’. This simply means that other people have
been looking up the word ‘restaurant’, hence you can
also look up their search and have more knowledge
about restaurant.
So with that you will be able to establish whether
launching a luxury restaurant would be profitable in
Canada or a fast food place.
Before
Launching
10

In essence, by asking this question, you access the re-
sults of what was experienced by others who launched
these businesses in Canada. In addition, you can find
the statistics of this business provided by state organiza-
tions such as municipalities.
Sometimes, you don’t have any clear intention about
a given category of business and you just want to know
what types of businesses are profitable in Canada so
you could start one. In this case, how to search would
be different, and as before, you will find various useful
statistics.
Notice 1:
Notice 1:
While doing research about launching a business,
you should ask for help and counsel from informed
and trustworthy people. Many Canada-resident im-
migrants even don’t know anything about the rou-
tine banking systems of this country. However, you
must understand if someone is simply a citizen of
Canada with years of experience living there, it
doesn’t automatically mean that person is necessari-
ly a good counselor for you when it comes to starting
a business in Canada.
Notice 2:
Notice 2:
Before launching a business in another country, ex-
amine the status of the product or services you are
interested in.
Business
Startup
in
Canada
11

Buying or Starting a Business?
After evaluating yourself, you can decide how to en-
ter the new business. see which one is better:
z
To buy an independent business?
z
To buy a franchise of a business?
z
Starting your own business?
For example, see whether launching a restaurant or
buying the franchise of a chain restaurant would pro-
vide you with the most possibility of success.
Note 1:
Note 1:
If you buy the franchise of a brand, its followers
would come to your restaurant since the first day.
In fact, you would be less concerned about attract-
ing customers but you must follow the rules of that
brand because it belongs to someone else anyway. It
is important for you to understand that franchise is
a type of license that a party (franchisee) acquires to
allow them to have access to a business’s (franchisor)
proprietary knowledge, processes, and trademarks in
order to allow the party to sell a product or provide a
service under the business’s name. In this regard, you
will be given a liberty by a business to operate your
own branch/business under that company. You will
be able to use the name and goodwill of that compa-
ny to develop and grow your own business. However,
you are expected to pay certain fee to the company.
Before
Launching
12

The goal of every business is to make money. Choose
either to buy or start a business by considering this stan-
dard along with your personal status, resources and
work plan.
When starting a business, you should consider the
culture of that geographical zone while you follow
the path of your ideas. In many countries, it is wise to
buy the franchise of a business unless you have a very
unique idea and you can provide the required invest-
ment for it.
Your intended business may have not started as a
franchise in that geographical zone. However, an inde-
pendent business may have developed it to some points
with limited customers. In that case, it is guaranteed for
you that this business has certain customers, so it would
be better to buy and develop it through implementing
your own ideas.
For example, you may launch a 200 thousand-dollar
business while its franchise is worth a million dollar. The
difference is 800 thousand dollars. However, the second
way is better because it guarantees your success but if you
start a business, you may lose all your investment.
Note 2:
Note 2:
If your idea didn’t match any of the ongoing busi-
nesses, trust yourself and start your business with
sufficient research and considering your capabili-
ties and what the market needs.
Business
Startup
in
Canada
13

Key Items in Buying a Business
z
Evaluate the future of that business based on
development of new technologies. For exam-
ple, a taxi permit in Canada was worth 300 to
500 thousand dollars in the past. However, since
technology has developed and companies such
as Uber are introduced, the value of a taxi per-
mit has significantly decreased and practically
became worthless. See if that business is under
debt or not. And if it is, how much debt it has.
Specially, consider the debt to the government.
There is no forbearance in such debt.
A business could be in debt to municipality,
provincial or federal government. Seek counsel-
ing from a lawyer and examine all three types of
debt.
z
See if there is any lawsuit against this business in
any court so you would be held responsible later.
According to the above reasons, I suggest you make
your deal while using professional counseling. Although
you have to pay for these services, it practically avoids
any tremendous loss.
Before
Launching
14

Notice 1:
Notice 1:
In Canada, lawyers make most of the inquiries, and
ordinary people have no access to the resources.
Notice 2:
Notice 2:
When you want to buy a business, consider the char-
acteristics of that business and see if it fits your per-
sonality.
Business Valuation Based on Estate
Property and Facilities
While buying a business, evaluate the basis of your
purchase. Are you buying that business based on the
property value or facilities or other factors? In many
cases, you buy a business because of the facilities it has
and not its geographical location. For example, you buy
a restaurant with 200 thousand-dollar facilities and re-
sources it has and you pay 50 thousand dollars for it.
Here, you are making a 150-thousand-dollar profit. If
you move to another location, you will take the equip-
ment with you.
Business
Startup
in
Canada
15

Business Licenses and Permits
While buying a business, see if you have all the re-
quired licenses and permits. For example, does a restau-
rant have all the permits related to its type of activity?
Is there any flaw in the corresponding documents? Per-
haps the required permits may exist but might have
been revoked for some reasons. Check the validity peri-
od of permits and how to extend them.
Key Items in Buying a Franchise (Rep-
resentative)
While launching a business through buying a fran-
chise, you will face a contract between the representa-
tive and the central office. This contract includes pay-
ment percentages and obligations of the parties. These
contracts usually take a form of a 50- to 150-paged
workbook containing many details.
The most important is that if the central office allows
the trade or not. Sometimes, you provide an advance
payment, but the central office opposes the conclusion
of the franchise (representative) transfer.
Note 1:
Note 1:
Most of the time, the central office of a franchise
asks for a separate payment for transferring the rep-
resentative to a new person (you as the buyer). In
that case, make sure it is clear who is responsible for
paying that money.
Before
Launching
16

Regardless of all these points, buying a franchise is
one of the safest models of transaction. The risk is very
low because so many people will support you.
At the same time, there are many sidelines which
should be examined by expert lawyers before the trans-
action is done. An example of these items is conducting
an inquiry before the purchase.
When you decide to buy the franchise of a business,
you should consider the following issues:
¾
How well-known is that business?
¾
How much should you invest?
¾
How much should you pay the seller?
¾
What is the background?
¾
How is the future of that business?
¾
How supported is that business?
¾
How much is the annual net income of that busi-
ness?
To realize the net income, the easiest thing to do is to
ask about the tax paid in the last year.
By this calculation of the income status of that busi-
ness, you can make the deal with the owner of the busi-
ness (franchise) you intend to buy its royalties.
Note 2:
Note 2:
This can be applied to independent businesses aswell,
and all the aforementioned items must be checked.
Business
Startup
in
Canada
17

Renting or Ownership of a Location
The representative license is pertinent to a central of-
fice, so you should check the central office and be aware
of the length of tenancy of the property.
Some representatives have temporary contracts
which end in a certain time. If you are simply buying
the franchise, and the place is rented, check the re-
maining length of the tenancy. For any reason, some
owners end the contract of a tenant after five years.
You may have only a year left of the length of tenancy
and you will have to leave the rented place after the
expiration of the tenancy. Although, you should also
understand that one of the reasons to buy the franchise
of a business is the goodwill. In any case, you must see
if the franchise is still worth buying or not.
Writing a Business Plan
After deciding to start a business, you should de-
sign a business plan. Writing a business plan is nec-
essary for any business. Business plan puts you in
order, and it is somehow your roadmap. You should
define at least a 3- to 5-year path for yourself. Im-
plement the results of all your researches on a busi-
ness plan.
Many people don’t tend to write a business plan.
While it is not totally a wrong decision, it is at least nec-
essary to write down the considerations. If you don’t
want to write a business plan, at least ask yourself:
Before
Launching
18

¾
What is your place in the market?
¾
Who are your competitors?
¾
How will your capital be financed?
¾
Do you need a location for the corporation? In
that case, where should it be?
¾
What kind of problems will you probably face
and how do you confront them?
Write down any question that comes to your mind.
The more question you ask and answer, the more suc-
cess you will gain in practice.
This document was a to-do list. Check this list from
top to bottom and explain the procedure of each item
in front of them.
Notice:
Notice:
Remember you can’t do everything by yourself. You
should use counseling and help from expert groups,
and even outsource some of the works.
Providing a list of what should be done helps you to
concentrate. Even if you don’t have the habit of writing
things down, always carry a scratchpad. Don’t do any-
thing without a scratchpad and writing. In that way, you
can outline a general roadmap and define a path for
yourself.
Business
Startup
in
Canada
19

A business plan has the classified and standard answer
to the questions above. While answering the questions
of a business plan, you are actually designing a very pre-
cise roadmap which helps you to avoid incorrect and
strayed paths.
Most people regret involving in a business in the
middle of writing the business plan because they real-
ize that the research about the business and the market
has been defective and they have ignored many issues.
This is one of the main benefits of having a business
plan.
Note:
Note:
While writing a business plan, identify your needs
and do some research about them.
The business plan you provide for working in Cana-
da is different than the one you make for another coun-
try. You must use a business plan which is designed for
Canada and not even the United States. You will find a
more realistic perspective in this manner.
Before
Launching
20

Chapter 2
Different
Legal
Business
Models in
Canada

Types of Common Business Models in
Canada
After the evaluation and research step, specify the
type of your business in terms of working with others.
There are three methods of starting a business:
a.

Sole or association (partnership): in this mod-
el, you start a business solely or with partner-
ship of one or more colleagues. This business
model works under a natural identity.
b.
Cooperative: a business model for residents of
Canada is cooperative inwhich a group of peo-
ple and a minimal number of people proceed
with this business model. Cooperative corpo-
rations are basically founded by associations,
unions and big groups in order to provide the
needs of the members. In order to register a
cooperative corporation, fill the forms 3001
and 3002, and the charge is 250 dollars.
c. Corporation: in this model, you register an
official corporation and work under a legal
identity.
Different Legal Business Models in Canad
22

Sole or Partnership Business (Corporation)
In this type of business, you are actually working as
a natural person and you don’t need to register a cor-
poration. In case of partnership, multiple people sign
the partnership. There are standard samples for part-
nership contract but every group modifies it based on
their own needs. In a sole or partnership business, you
have complete control over the entire business and
your legal issues are reduced. Therefore, you won’t
need counselors of business registration for your reg-
istration processes.
In overall, it has fewer sidelines. However, less added
value is generated as well. In a sole business, taxes are
calculated personally, and you don’t pay corporate tax.
Also, there is no need for complicated accounting sys-
tems.
You may ignore some of the formalities such as de-
signing a header here while you follow them in a corpo-
ration.
In a sole business activity, to conduct the banking and
business affairs, you can receive a Master License and
a merchant ID if you go to the Ontario services. This
license is valid for five years and must be extended af-
terwards.
Getting a register number costs 60 dollars, and there
are some service providers which do this for you with a
100-dollar charge. Getting a register number is possible
for sole business activities in some municipal centers
Business
Startup
in
Canada
23

or state offices and it is valid for 5 years. The extension
charge is 60 dollars and you can do the process online.
After getting a master license, you can open a business
account with the same name you registered in the mas-
ter license.
Usually while registering a business, you are asked
about your activity branch, but it is not the case in Can-
ada that you have to avoid activity in other branches if
you announce you are active in one of them. Whether
in a sole business or a corporation, you can have ac-
tivities in different contexts. The important thing is
that you should never hide anything because of tax
issues.
There are some flaws about a sole business. For ex-
ample, all the responsibilities fall on one person. In case
of any loss, damage or lawsuit, that one person is re-
sponsible for taking care of the affairs.
Notice 1:
Notice 1:
According to the law, someone who is not a citizen of
Canada is not allowed to run or register this model
of business.
Notice 2:
Notice 2:
Sole enterprise does not protect the name of a busi-
ness. In order to protect your business brand, you
must register it in form of a trademark or under the
title of a corporation.
24

Partnership business is something between sole busi-
ness and corporation but it practically looks like a sole
business with the same issues. Partners have all the re-
sponsibilities and there is no need for an official reg-
istration. Everyone has a certain proportion of shares.
From legal and tax perspective, the rules of a sole busi-
ness apply here as well.
Corporation
In order to work as a corporation, you need to reg-
ister it. The registration model in Canada is the same
limited liability company (LLC) but there are some dif-
ferences in the way shares are offered.
Benefits of Corporate Registration in
Canada
There are many benefits in corporate registration.
¾
The first benefit is that you are not responsible
for everything. In case the corporation turns in-
debted or unprofitable, your personal credibili-
ty won’t be harmed. This is the most interesting
thing about starting a corporation. When some-
one sues the corporation, almost all parts of the
problem fall on the corporation itself.
Although, when a corporation commits
fraud, the individuals must be accountable but
if there is no criminal intent but the problem is
just accidental, they won’t be prosecuted.
Business
Startup
in
Canada
25

In Canada, criminal prosecution is mean-
ingless in financial context unless it is a case of
fraud, breach of trust, etc.
¾
One of the interesting things about corporate
registration is that the corporation tax is less
than other taxes.
¾

You can calculate many expenses for the cor-
poration and accordingly, there will be less
taxes.
¾
By having a corporation and hiring employees,
you can use some tax reductions.
¾
Having a corporation, you can have access to in-
vestment. Fund raising is not easy for one indi-
vidual, but if you have a legal identity and your
corporation is founded longer than a year, you
can take loans from banks and use public assis-
tances. The first condition to receive public as-
sistance in Canada is to have a registered corpo-
ration.
¾
By having an estate property for the corpora-
tion, you can maneuver over tax reductions and
receive excellent loans from banks.
¾
Another interesting thing about corporate reg-
istration is its durability. A while ago, I visited
a corporation founded in 1864. Corporations
have long lifespan while existence of sole busi-
nesses depends on the individual’s lifetime.
26

¾
The license of corporate registration is perma-
nent while the license of a sole business (master
license) must be extended every five years.
¾
Another benefit of corporation over sole business
is that the ownership can be transferred.
¾
In a corporation, the combination of the part-
ners can be changed.
¾
Unlike many countries, in Canada, an individual
can solely register a corporation. This is one of
the interesting things about founding a corpora-
tion in Canada. In other words, you can register
a sole shareholding corporation where 100% of
the shares belong to you.
¾
A corporation brings credibility for you while a
sole business has no credibility in comparison to
a corporation.
¾
In long-term, a corporation will be valued and
you can sell it; either its shares or the entire cor-
poration. There is no limit to the number of
people who can have a share in the corporation.
There is no such thing in case of a sole business.
¾
You can start a business and if there were no
profits, you could immediately change the cat-
egory of your business. There is no restriction
against it.
In the next section, we will discuss the methods of
corporate registration in Canada.
Business
Startup
in
Canada
27

Chapter 3
Corporate
Registration
in Canada

Methods of Corporate Registration in
Canada
There are two ways to register a company in Canada:
provincial and federal.
Most people register provincial incorporations.
However, it is always a concern how to choose between
them.
When you register a corporation in a province, the
name of the corporation belongs to you only within
that province. Someone else can use the name in an-
other province. Yet, in federal registration, you register
a name for yourself within the entire country. Keeping
the name of the company in a country level is what is
interesting about federal registration.
Note 1:
Note 1:
Although to keep the name better and stronger, you
can register the name and trademark.
Business
Startup
in
Canada
29

Note 2:
Note 2:
In Canada, a part of the law is federal, and each prov-
ince has its own rules. Be aware of the laws of a busi-
ness zone before starting a business.
When you federally register a corporation, you
should also register it in any province or state in which
you are working. That is why most people register their
corporations provincially. In provincial registration,
local laws are exerted and taxes are provincially calcu-
lated, while in federal registration, you must separately
calculate the provincial and federal taxes.
Note 3:
Note 3:
Every corporation must go through an extra-pro-
vincial registration process if it is going to be active
in another province. This process is different than
the initial registration process. Even if you have a
foreign corporation, you must follow an extra regis-
tration process for each province.
Name of the corporation doesn’t matter much. What
is important is the name of your products. Employ ex-
pert counselors in this regard so you wouldn’t face legal
issues because of using already-registered names, for
instance. Big corporations have powerful legal teams
and they may sue you.
Corporate
Registration
in
Canada
30

To register a corporation, you need to:
z
Provide the result of searching the name of your
corporation in register offices
z
Provide an article. A part of this article deals with
general matters of every corporation, and the
rest contains features of the board of directors.
Federally, corporate registration costs 200 dol-
lars online and 250 dollars in person. Service pro-
viders carry out this process by receiving 100 to
200 dollars.
Note 4:
Note 4:
In Canada, corporate registration takes 5 to 10 min-
utes. That is why it is easy to start a business in Can-
ada.
Note 5:
Note 5:
There is no limit for investment, but the source of
money must be specified due to anti-money laun-
dering laws.
Business
Startup
in
Canada
31

Steps of Registering a Corporation
1.
1. Name Searching
Name Searching
The first step in corporate registration is
choosing a name. Search your selected name to
make sure any similar name is not registered.
There are service providers with access to these
names and they will charge you 50 to 150 dollars
to give you a report about your selected name.
Notice:
Notice:
While selecting a name, make sure its internet domain
with a suffix of .com is not registered. Other suffixes
are not very authentic. .com is the important suffix.
For big and promising businesses, name of the busi-
ness matters a lot. However, you should understand
that .ca works fine for a local business in Canada.
Copyright and Trademark
If your business is art related, consider the
law affairs related to the author’s copyright so
you won’t face any problem later after spending
huge costs. When you intend to register a
name, the associated office searches the name
among the registered ones to make sure it is not
registered as a trademark. You may use a name
of a corporation for yourself, but you can never
apply for a registered trademark of another
corporation because they can easily sue you.
Corporate
Registration
in
Canada
32

2.
2. Filling the Forms
Filling the Forms
In the next step, you fill the form 1, which is
about the corporation information. This form is
basically the article of the corporation.
Note 1:
Note 1:
Many accountants fill article of corporation. The
firms who provide services regarding corporate reg-
istration also carry out these affairs in exchange for
certain costs.
After filling the form, provide a cover letter contain-
ing a summary of your organization information such
as address and phone number. Write down the infor-
mation of whoever is responsible for pursuing the pro-
cess of corporate registration. Add this paper to the top
of your documents and pay a visit to the office of incor-
porate registration1
.
In addition to the expense of searching the name,
registering a corporation costs 360 dollars in Ontario.
Note 2:
Note 2:
The aforementioned items are only accurate for
someone who is a resident of Canada and intends to
register a company.
1 Address of the office of corporate registration in Ontario: 393 University Avenue.
2nd
floor, suite 200
Business
Startup
in
Canada
33

3.
3. Getting the Required Licenses and
Getting the Required Licenses and
Permits
Permits
The next step is to examine the required li-
censes and permits of the business you intend
to start. You have already identified them in the
primary research.
For example, a physician intends to run an
office in Canada; he/she must follow the steps of
getting a license in Canada and receive a permit
for working.
Those who provide security and protection
services must have a license. Those whose work
is regarding loan providing must get a permit. In
Canada, a major part of activities requires license
and permits because you must be a member of a
union which supervises your work.
For instance, someone who provides loan
services can also conduct many activities which
are considered as frauds; so, his/her activity
must be supervised.
Those who provide services of selling and
buying estate properties should receive training
courses and related permits.
The municipality issues most of permits and
licenses. Some affairs are in the domain of pro-
vincial government such as receiving a housing
loan, and others are in the domain of federal
government.
Corporate
Registration
in
Canada
34

Note 1:
Note 1:
Canada is governed on three state levels: federal,
provincial and municipal.
Launching certain businesses is prohibited in cer-
tain neighborhoods. In order to launch some busi-
nesses such as gas station, restaurant and school, you
must pay a visit to the zoning office in municipality,
and they will respond to your request after investiga-
tion.
Getting a permit requires certain standards. Assume
that you want to provide educational services. In that
case, your location must be secure in terms of fireproof-
ing. Since your house is not fireproof, you won’t be able
to run such service from your house. However, there are
many commercial activities that you can run from your
own house.
Note 2:
Note 2:
Owning residential and commercial properties is
not of importance in corporate registration, but if
there is too much coming in and out of your place,
neighbors can complain about you or sue you.
Business
Startup
in
Canada
35

4.
4. Getting a Tax Code
Getting a Tax Code
The next step is to receive a business number
from the Revenue Agency. This process has become
much easier these days, and the number is sent to
your address. This number is different from the one
you were given when you did the registration.
After that, you are acknowledged with the
number that the Revenue Agency gives you. At
the end of the code, there are numbers that con-
tain your type of activity.
For example, the last two digits of the code
is different for people who are into export and
those who are into import. In fact, the endings
of the code represent your type of activity.
Note:
Note:
There is no need for a permit in export and import
except in case of certain products, and anyone can
provide export and import activities.
Value-added Tax
Back in the days, if you want to buy some-
thing in Canada, some products had provincial
value-added tax, some had federal value-added
tax, and others had both. Nowadays, there is a
hybrid system of value-added tax called HST and
anyone who buys something -except for bread
and essential needs- must pay 13% sales tax.
Corporate
Registration
in
Canada
36

You should receive a special business num-
ber (HST) from the Revenue Agency to be able
to receive that 13% tax from people.
Those whose account turnover is over 30
thousand dollars must have HST number even
in case of sole businesses.
Notice:
Notice:
13% sales tax does not belong to you and you must
pay it directly to the government.
Benefits of Having HST
Similar to a citizen, every company has cer-
tain expenses. An accountant calculates that for
example, the “ABC” company has had spent 100
thousand dollars overpurchases and paid 13 thou-
sand dollars as value-added tax for these sales. On
the other hand, the accountant calculates that the
company has had received 200 thousand dollars
for sales meaning it has had received 26 thousand
dollars value-added tax from people. The com-
pany subtracts 13 thousand dollars it paid from 26
thousand dollars and eventually, it pays 13 thou-
sand dollars to the government. The government
agrees that you subtract what you paid from the
received amount. This system is very interesting
as one of the benefits of owning a corporate.
Business
Startup
in
Canada
37

A natural person must pay value-added tax
for every purchase, but there is an incentive for
legal persons to avoid tax.
Therefore, people pay HST when they buy
things, and in fact, the company with a business
number receive it and pay it to the government.
Based on such formula, these companies are
tax-exempt.
Opening a Bank Account in Canada
Aftergettingthepermitsandlicensesrequired
to start your business and specifying the method
of getting finance, you should open a bank ac-
count in Canada banks. To do so, you should take
the following documents to the bank:
z
The original papers of article of incorporation
and certificate of registration
z
Two identification documents from all
members of the board of directors
In Canada, valid identification documents
include driving license, ID card or a document
that shows you are a permanent resident in Can-
ada, and passport.
The presence of all associates in bank is oblig-
atory. Back in the time, you could do it through
power of attorney but it’s not currently possible
to do so.
Corporate
Registration
in
Canada
38

In Canada, a certain amount is subtracted
from your account as commission of a number
of interactions. You can choose the least amount
and promote it later if needed.
When the corporation builds records, you
can ask banks for credits and loans and for exam-
ple, you can have a credit import account. This
credit must be created during a specific time, and
it won’t be given simply by transacting money
in a short time. The element of time is of great
importance here. You should be careful that no
complaint would be lodged against you and no
fraud would happen in the corporation.
Banks pay equipment expenses to business-
es. Machinery is one of the main expenses of
companies. Banks pay for up to 100 percent of
machinery expenses. The rate of payment is dif-
ferent for each bank and each business. Some-
times, it is between 50 to 60 percent. Different
businesses have different rate. For example, 100
percent of expenses is paid for printing ma-
chines because the payoff is more guaranteed
for this business.
Note:
Note:
Canada is one of the best countries for production
in agriculture, livestock and poultry, and it provides
governmental supports.
Business
Startup
in
Canada
39

Corporate Registration or Representative
for Non-Canadians
If someone is not a resident and citizen of
Canada, that person must have a Canadian as-
sociate to register a business. If you don’t have
a Canadian associate, you can’t work in most
provinces of Canada.
Note 1:
Note 1:
Your business associate doesn’t have to have a Ca-
nadian passport. Primary citizenship would suf-
fice.
Note 2:
Note 2:
Those without Canadian associate can only register
a corporation in a few provinces such as British Co-
lombia and Quebec.
Note 3:
Note 3:
You don’t have to introduce your Canadian associate
as the CEO, but his name must be registered in all
the papers and he must own 51 percent of the shares.
The initial capital of the owners depends on what
parties agree upon.
Corporate
Registration
in
Canada
40

Note 4:
Note 4:
As a foreign corporation, you need an agent if you
want to establish a branch in any province of Cana-
da. The agent must be of legal age and he/she needs a
given address in the corresponding Canadian prov-
ince.
Note 5:
Note 5:
You can register the branch or the representative
of the corporation in these provinces and work
as a foreign corporation in any part of the coun-
try.
Note 6:
Note 6:
If you have an online business and you want to use
the Canadian market, there is no need to register the
corporation in Canada. You should consider certain
tax issues. However, if your business develops more
than a certain amount, you must register the busi-
ness in Canada. This is due to receiving value-added
tax.
Business
Startup
in
Canada
41

Getting Finances for the Corporation
There are various methods to provide fi-
nances for a corporation. In your business plan,
you must define the way you are going to pro-
vide finances for your business.
1
1 The first method is to use personal capital
which refers to the money in your long- or
short-term savings accounts, or you sell a
capital such as a property that you sell and
spend on investment.
2
2 The second method is financing through an-
gel investors or banks. Banks give you a loan
based on your account balance. For exam-
ple, instead of selling your property, you can
mortgage it and receive a loan. This type of
loan is paid based on your assets and mort-
gages such as estate or shares (equity finance).
For these loans, interest rate is less than 10%.
If you want to buy a franchise or a famous
business, you may receive a loan up to 70% of
your investment.
Many banks provide you with really suitable
loans for purchasing equipment. For example, if
you want to establish a printing office, you can
purchase one-million-dollar equipment by pay-
ing 5 thousand dollars in advance and 20 thou-
sand dollars for monthly payment.
Corporate
Registration
in
Canada
42

3
3 The third method is crowd funding through
various modes. Finding an individual inves-
tor is a very difficult task. You need to con-
stantly attend events regarding business and
entrepreneurship seminars. There are many
people who invest on business.
Note 1:
Note 1:
Keep that in mind that when you have an idea, that idea
may have occurred to hundred other people, as well. Of
all these people, ten thousand of them might have tak-
en it more seriously, and of thosewho did it, onlya hun-
dred of them go through with it. Therefore, it is almost
impossible for you to have a unique idea of your own.
There is a TV show in which people intro-
duce their ideas to investors in order to get their
contribution. Then, the investors brutally criti-
cize those people and question the fundamental
nature of their ideas.
There is a reason those investors are million-
aires and they know better than anyone what
kind of work will pay off.
In most cases, we get involved with our own
ideas and overlook their drawbacks. As we men-
tioned before, it is in the middle of writing our
business plans and scrapbooks when we realize
our visions are inaccurate and we stop.
Business
Startup
in
Canada
43

Another reason why people fail in getting fi-
nance is improper presentation. It is essential to
understand how to present. If you have the best
idea in the world but fail to present it proper-
ly, you won’t succeed; just like how some people
ruin a good joke by the awkward way they tell it!
Note 2:
Note 2:
The key part of a presentation is that the investors
must clearly notice how investing in your work
would benefit them.
You must have a business plan for that. By
a simple online search on Google, you can find
lots of websites in this regard. In overall, this is
a really suitable method for getting finance and
there are plenty of ways to implement it.
4
4 The fourth method of getting finance is re-
ferring to various organizations. The income
of such angel investors comes from investing.
Here again, an excellent presentation matters
a lot. Some organizations are so professional
that they have applications designed for this
job and people who want investment introduce
their ideas in such platforms. If the investor
approves the ideas, such owner of the idea will
be invited for a presentation in person.
Corporate
Registration
in
Canada
44

Such organizations take more risks and at the
same time, they request more from you. Many
startups in the world have entered the market
through such angel investors. Even Google and
Microsoft have developed through investments
as such. You can google and find these organiza-
tions in different provinces of Canada.
The type of contract between the corpora-
tion and the investor, and contribution profit
depend on your business plan.
z
The investor may ask for certain percent-
age of shares in exchange for the money he/
she pays.
z
Receiving a proportion of sales until the
investment is returned is another way. In this
method, the investor will own some shares
after the return on capital is achieved.
I personally prefer to own 1% shares of a 100
million-dollar company instead of 100% shares
of a 10 thousand-dollar corporation.
Egoistic manner won’t get you far!
Investment is of great importance in busi-
ness. You must try everything to get finance.
You must draw people in, make groups and get
finance. Simply having an idea won’t be suffi-
cient.
Business
Startup
in
Canada
45

5
5 The fifth method is about some organiza-
tions in different provinces which help 5 to
10 thousand dollars to idea persons so these
people can start their businesses.
For example, there is an organization called
Access Community in Ontario where you can
make a request and receive up to 5 thousand
dollars as an aid. There are many organizations
as such and you can google in the internet and
find them.
All of these organizations are non-govern-
mental establishments and they won’t ask for a
deposit. They evaluate your business plan and
give you about 5 to 10 thousand dollars ex gra-
tia. Albeit, their options are difficult and first,
you should enter your information in an appli-
cation, so they evaluate the possibility of your
success.
Note 3:
Note 3:
You should offer each idea to a certain organization.
Some of them only invest in special fields such as
production, and if you intend to provide services,
some organizations might not be interested in in-
vestment. Certain organizations also provide aids
only for women.
Corporate
Registration
in
Canada
46

6
6 The sixth method of getting finance is using
certain websites designed for such purpose.
You introduce your idea in one of those
websites and anyone who’s interested finan-
cially provides a part of what you need as an
investment. Imagine you need one million
dollars and someone invests 100 dollars,
another one invests 5000 dollars and col-
lectively, 5000 people do the same. Anyone
becomes a shareholder according to his/her
investment. Your success in this method also
depends on your idea and the way you pres-
ent it. Through this method, many people
were able to get finances of 2 to 3 million
dollars.
7
7 The seventh method is receiving grants.
Why would organizations and the govern-
ment provide such aids? The government
provides support to create job and entre-
preneurial opportunities. When the em-
ployment rate rises, the turnover in the
country and consequently, the govern-
ment’s tax-based income will increase. So,
the aids will be compensated. An unem-
ployed person is a burden for his/her so-
ciety, and the cost he/she imposes over the
government to create jobs is negligible in
comparison to the costs the government
will have to pay to prevent social troubles.
Business
Startup
in
Canada
47

What unemployment brings upon a soci-
ety will be avoided through such supports.
It is economically effective for the govern-
ment to invest on creating jobs. However,
the method of providing such investment
is meticulously calculated.
There are hundreds of ways to receive
grant from the government. For instance,
there are 832 programs including agriculture,
art works and many other businesses only in
one of the sources in which the government
invests.
z
Some of the governmental grants are ex gra-
tia.
z
Some others are low-interest or interest-free
loans
z
The grant might be in form of tax exemptions.
In order to receive a grant, you should
check the type of programs in the category
of your business. There are thousand models
for the way a governmental grant is paid. Var-
ious ministries have various grants. Besides,
each one of the three levels of government
has its separate aid and grant, but most of the
credit belongs to the provincial and federal
governments and then comes the municipal-
ity.
Corporate
Registration
in
Canada
48

Such grants are classified into three govern-
mental levels. For example, the government in-
tends to bring prosperity in the northern and
eastern parts of Ontario. Therefore, there are
special programs to support businesses and cre-
ate jobs in those areas. Those who intend to start
a business consider the criteria of governmental
grant in different areas.
Helping businesses which flourish the tour-
ism industry is a priority in paying governmen-
tal grants. For example, the government pays a
part of advertisement expenses in this regard.
In addition, there are supports regarding clean
energy and technology.
There is a special support provided for the
youth under age 30. You can google in the inter-
net and find those youth grant programs.
An important part of grants goes to artistic
works such as writing a book, composing mu-
sic and making movies. For example, regarding
music, there is investment to hold concerts, and
regarding books, there is investment to send
people to book fairs so they can introduce their
books abroad.
Paying a grant for research works is another
type of aid.
Business
Startup
in
Canada
49

Note:
Note:
Just like everything else, to use governmental aid,
you must first do your research to find out what pro-
grams are running regarding grants in your line of
work and what cost they require. After all, it is not
easy to receive a governmental grant.
The next step is to see how much you are
qualified. Check if you can receive any gov-
ernment grant or not. Many of such aids are
issued for non-profit businesses. You can
register a corporation either as a non-profit
or for-profit corporation. When you review
the conditions required for receiving a grant,
you realize many of them include NGOs and
charities, so you should not waste your time
there.
Sometimes, if you want a governmental
grant worth 3 million dollars, the condition for
investment is that you should provide half of it
by yourself. You may stop the work right there
due to lack of money; you should not get into
a program irrelevant to your business because
that’s just a waste of time.
The next step is to request grant from the
government, and in this step, you need to fill the
forms, send them and enteryour documents and
Corporate
Registration
in
Canada
50

business plan in the corresponding application.
This is a very complicated process which de-
mands experts to handle it. Each program con-
tains a contact number for guidance. You must
always be in touch with the person who provides
guidance. Most of the time, these people even
help you with the correct sentence structure and
appropriate phrasing.
Keep in mind the last deadline for offering
the request and filling the forms
One of the important issues is to know how
much you got to fill the forms. The sections
regarding governmental grants have smart ap-
plications and evaluate you by the way you fill
those applications. For example, the least score
to go to the next level might be 75 out of 100.
Now, if you get a score lower than 75, your doc-
uments won’t be even checked. If you receive a
higher score, the experts announce their opin-
ions about paying the grant.
Some of these programs have no financial re-
striction, meaning even if 50 corporations man-
age to get approval, they will receive the grants.
Some other programs are only able to pay
grants up to a certain limit each year.
Every year, a huge part of allocated budgets
remains unused and it is returned to the state
fund.
Business
Startup
in
Canada
51

In a nutshell, there are three main steps in
the process of receiving a governmental grant:
z
Research and investigation about types of fi-
nancial grants and their costs
z
Evaluating the level of qualification
z
Applying by filling the corresponding forms
In exchange for its aid, the government won’t
ask for any share from you. Through yearly re-
ports, you should elaborate the way you are ex-
pending the money. The government grants
this money as an incentive under especial con-
ditions, and you should honor the rules of the
agreement. These grants are usually ex gratia,
but sometimes, they must be returned like when
the government vouches for you so you could
get a loan from a bank.
Corporate
Registration
in
Canada
52

Chapter 4
Secondary
Yet Important
Notes in
Registering
and
Maintaining a
Corporation

A.
A.Choosing a Location for the
Corporation
Many corporations, even the big commercial ones,
rent the location of their offices in Canada. Some of
these corporations buy a place to add it as the compa-
ny’s capitals. Such consideration must be regarded in
the business plan.
Take it into consideration if buying that proper-
ty would influence the future of your business or not.
Sometimes, a property, for example, a clinic, finds its
place in the market based on its geographical location,
and you can sell it with a higher price. While if you have
the rented the place, you must leave when the contract
is over. Therefore, you must make effort to consider
every factor that is related to your business before you
dabble into it.
Rental contracts usually last 5 to 10 years in Cana-
da, and famous brands sign 25-year-old contracts since
they are going to invest for that location.
Important
Notes
54

Note:
Note:
Rent payment for an office in Canada is some-
thing between 500 to 50 thousand dollars and more
monthly. This amount depends on the location and
the type of your business. You just need to have
an address to be able to receive letters. Other stuff
doesn’t matter. It won’t matter if another 200 people
have given the same address before you do.
B.
B.Gathering a Team and Recruiting
Employees
There are two methods to collaborate with people:
z
Employing
z
Closing contracts based on given projects
You should follow all the rules regarding the employ-
ees, close a contract with them and pay the tax to the
government; otherwise, your employees may sue you
and it may result in legal consequences.
It is easier to work with contractors and there won’t
be any of such problems. In the primary research, make
it clear the sectors where you need to hire employees
and in which ones you can outsource the affairs.
Be aware of the laws regarding income and payroll of
an employee, and consider statutory deductions such as
retirement, insurance and medical cases.
Business
Startup
in
Canada
55

Be aware of the circumstantial issues related to hiring
an employee. Then use these considerations and hire
the best candidate.
Big corporations have their own lawyers, but small
ones can use lawyer counseling in some instances when
required.
C.
C.Accounting and Recording
Documents
All corporations must keep all their financial docu-
ments, including payments and bank accounts for six
years so they would present it if the Revenue Agency
asked for it. They can get rid of the documents of the
first year in the second year, and so on and so forth.
You must have an accounting system to be able to fol-
low this process. Accounting is conducted in two ways:
The first method is using accounting software, and
then you would need an expert accountant to write
the tax ledgers. If you hold worthy accounting soft-
ware, your accounting expenses will significantly de-
crease because your accountant would spend much
less time.
The second method is to use an accountant. There
will be much more expenses in this case in comparison
to the first method.
Important
Notes
56

D.
D.Insurance
As a corporation, do you need insurance or not?
Insurance is needed in time of danger. Therefore,
you must provide insurance for your corporation.
Find the type of insurance suitable for your business.
Some insurances only cover fire or theft. However, if
you examine them well, you will find various insur-
ances which would cover different sections of your
business.
E.
E.Product Sales and Marketing
Each product has a unique way of marketing, and you
should design a marketing plan for selling it.
In marketing, first think to whom you want to sell
this product. Some people wonder there is a popu-
lated network of Iranians in Canada and they may
sell them dried nuts. What they don’t consider is that
there are many minor importers in Canada as their
competitors; even shop owners are into importing
dried nuts.
The next note is that there are some minor distrib-
utors to whom you can connect. Find a good distribu-
tor or work with chain stores. Receiving the payment
Business
Startup
in
Canada
57

is guaranteed if you are a supplier for big chain stores.
Another point is that you should be able to supply the
goods for these stores. For example, dates sell well in
Canada; but when you close a contract with chain stores,
you must be able to supply a huge amount of a prod-
uct and yet, you should wait for six months to get your
money.
Selling to the government is a type of sales in Can-
ada, and the government is one of the key customers.
Almost in all businesses, the government buys services
and products.
As mentioned before, there are three governmen-
tal levels. All governmental institutions are required to
announce the services and goods they need through a
transparent system.
It’s better if you choose someone to identify the
governmental tenders related to the category of
your business.. All these tenders are online and big
or small corporations equally have access to infor-
mation. Examine the provided information care-
fully, and offer your price based on that. There is
contract information and information about where
to contact if you need information about these proj-
ects and you can ask your questions through those
contacts.
Important
Notes
58

F.
F.Import and Export
In Canada, the process of import and export is not
complicated at all. To facilitate the whole thing, you
can work with the two following groups of compa-
nies:
z
Clearance companies
z
Big transportation companies
These companies often conduct for you a part of le-
gal processes as well.
The customhouse is open 24/7. The first time I went
there, I didn’t know much about the process and the
whole thing didn’t take longer than half an hour; they
told me to deliver the shipment the next day by myself.
All depots are connected to the customhouse through a
computer network. This makes the whole process seam-
less to some extent.
Only if the country of origin for these commodi-
ties is suspicious, will there be a quick examination.
It is due to such convenient work processes that some
countries such as Canada are economically flourish-
ing.
The required documents include information of the
Business
Startup
in
Canada
59

sender, inventory and price of commodities, and in
some cases, a quality assurance certification. When go-
ing to the customhouse, you sit in front of a computer
and find out your customs tariff. Depending on the type
of commodity, the tariff is something between zero to
higher prices.
Note:
Note:
In Canada, you must keep all the accounting and
import/export documents for six years. Trust is the
defining element in Canada, but if the customs be-
comes suspicious of for any kind of reason, they
come to you and inspect the documents again.
If you want to send a commodity to Canada, you
should first find its code from the website of the Canada
border services agency. By entering the code, you real-
ize how much of that product and from which origins
they are imported to Canada. Another point is that it’s
better if you know whether the product is imported by
air/sea freight or by land.
The next thing to know is the amount of tax for that
commodity from a certain country of origin, and you
should also check whether there is any sanction or em-
bargo on that country of origin or product.
Important
Notes
60

G.
G.Current Highest-Paying Jobs in
Canada
Some of the highest paying jobs in Canada are intro-
duced in no certain order.
z
Accounting related activities
z
Jobs related to cooking and distributing food
including running a restaurant, and catering
for parties and companies
z
Activities related to designing and develop-
ing internet websites
z
Activities related to all types of designing
z
Business counseling: in some countries,
business counseling is not valued and ev-
eryone tries to achieve information for free.
However, in Canada, applicants who want to
start a business pay lots of money to avoid
possible future losses.
A while back, a business group decided to
launch an egg farm in Ontario. They closed
an expensive contract with a counseling com-
pany to investigate the market for this prod-
uct. The results showed that egg production
in Ontario is more than what is needed. The
group also received different details such as
Business
Startup
in
Canada
61

future markets and import/export rate and so
and so forth. Therefore, that business group
changed their minds about starting that cer-
tain business. This is why occupational coun-
seling companies are in great prosperity now-
adays.
z
Private post company which includes trans-
ferring different parcels by motorcycles and
cars. Such business is successful because
nowadays, people’s habits are changed and
they do many tasks using couriers.
z
Providing different services in mobile mode
such as hairdressing at home or taking care
of pets at home
z
Cleaning houses: in the past few years,
people have increasingly tended to use
workers to clean their houses. Right now,
in Canada, if you contact a house cleaning
company to request a worker, you have to
wait in line!
z
Private tutoring: due to development of
technology, private tutoring is online now
because it makes no difference for the tu-
tor to be literally beside the student or to be
thousand miles away. This method is also
time efficient and commuting costs will be
eliminated as well.
Important
Notes
62

z
Real estate business which is very profitable
in some parts of Canada such as Toronto and
Vancouver. Most immigrants who bring an
investment have started a company and in-
vested in construction and real estate sector
or have bought properties to keep the value
of their investments.
z
Warehousing: people live in northern Amer-
ica in a way that they live where they can
have a better job and it doesn’t matter where
they prefer to live. Someone might be from
Toronto but he/she has to transfer to Cal-
gary for a job in an oil company. That per-
son might go back to Toronto in two years.
Therefore, there are huge warehouses and
storages in Canada which rent small rooms
to people to keep their stuff.
If the rent of a place is 2500 dollars month-
ly, renting price for these storages is 60 to 300
dollars. These warehouses are huge and multi-
floored with loading lifts and they are mostly
run as chain places.
These warehouses have other purposes as well,
which made them a profitable business. Instead of
paying 2000 a month for renting a shop, some peo-
ple rent space in these placeswith 150 dollars so they
can run their businesses. One of the merits of these
storages is that they are accessible 24/7 and people
can go to their own section using access codes.
Business
Startup
in
Canada
63

z
Building repair: this business has a nice and
guaranteed payment all over Canada.
z
Repairing electronics such as TV, radio and
mobile phones: this job is not very profitable
and its income is enough for running a nor-
mal life because many electronics are not re-
pairable. For example, a juicer machine costs
25 dollars, so, people simply buy another one
when it breaks. Although, some devices such
as mobile phones are repaired.
z
IT services such as selling computers,
launching computer networks and designing
security systems. In this business, there are
both small companies with limited incomes
and big companies with huge incomes.
People who are expert in any field of IT, in-
cluding programming software earn 150 to 200
thousand dollars on average.
z
Marketing services: nowadays, all com-
panies are looking for ways to effortlessly
distribute their products to their custom-
ers. Therefore, they enthusiastically hire
successful marketers. Using your knowl-
edge and capabilities, you can establish a
company in this regard. All companies are
customers of such services. Marketing stan-
dards are the same all over the world but
Important
Notes
64

they differ in implementation. For example,
sending SMS might be successful in a coun-
try, but besides being illegal, that method
won’t be productive in Canada. Even if you
are knowledgeable in this field, you should
see whether you can handle working in this
climate or not.
z
Providing health counseling: nowadays, ev-
erybody wants to know what kind of diet and
what type of sports they must have. There-
fore, families allocate a part of their income
to receive such services. These jobs can be
conducted personally or through a company.
One of the main sources of income for a big
company in Canada which owns many stadi-
ums all over the country is providing health
counseling. Other than that, there are many
small companies which provide the same
services.
z
Gardening services: Canada is a verdurous
country and all houses have vast gardens.
These gardens need to be taken care of,
and according to the law, everybody must
organize their green areas. If people can’t
do it by themselves, they should use com-
panies which provide services of designing
green areas. Otherwise, neighbors even
may sue.
Business
Startup
in
Canada
65

z
Starting an online business: one of the most
favorite jobs of our time
z
Luggage shipping: a corporation doesn’t
have to own a van or a truck and it can hire
and use them for service providing.
Renting cars and trucks for transportation is
common in Canada. Any corporation can first
find customers and then rent a truck. For exam-
ple, they receive 1500 dollars for transportation
services. Then they rent a truck for 200 dollars
and they pay almost 500 dollars to each worker.
Eventually, they end up with something around
800 dollars.
These methods made it easy to earn money.
According to statistics, Canada is one of those
countries where it is easy to start a business. All
infrastructures required for launching a busi-
ness are provided in this country. Therefore, for
anyone who is looking to migrate to Canada and
start off a business there, it is highly important
for them to have foreknowledge of how things
work in Canada and how business can be reg-
istered in Canada. Furthermore, it should be
noted that there are various laws that guide reg-
istering a company or business and individual
should ensure they observe those laws to avoid
unnecessary embarrassment.
Important
Notes
66

Useful Links
ƒ
The Canada Revenue Agency:
https://www.canada.ca/en/revenue agency.html
ƒ
Export from Canada:
https://www.canada.ca/en/services/business/trade/
export.html
ƒ
Information of commodity importers in Canada:
https://www.canada.ca/en/services/business/trade/
export.html
https://www.ic.gc.ca/eic/site/ciddic.nsf/eng/home
ƒ
The main export items in Canada:
https://en.wikipedia.org/wiki/List_of_exports_of_
Canada
ƒ
the Canada border services agency:
www.cbsa-asfc.qc.ca
ƒ
lists of permits:
https://services.bizpal-perle.ca/?b=01
ƒ
Corporate Registration in Canadian Provinces:
1. Alberta:
http://www.alberta.ca/starting-business.aspx
2. British Colombia:
http://www2.gov.bc.ca/gov/content/emplym-
ent-business/business/managing-a-business
Business
Startup
in
Canada
67

3. Manitoba
http://companiesoffice.gov.mb.ca/forms.html
4. New Brunswick
http://www2.snb.ca/content/snb/en/sites/corpo-
rate-registry.html
5. North West Territories
http://www.justice.gov.nt.ca/en/business-names
6. Nova Scotia
http://beta.novascotia.ca/register-business-or-non-
profit-registry-joint-stock-companies-step-step
7. Ontario
http://www.ontario.ca/page/register-busi-
ness-name-limited-partnership
8. Prince Edwards Island
http://www.princeedwardsisland.ca/en/topic/re-
quirements-starting-buisness
9. Quebec
http://www.registreenterprises.gouv.qc.ca/en/demar-
rer/immatriculer/
10. Saskatchewan
https://www.isc.ca/corpotateresgistry/registrering-
aBusiness/Pages/default.aspx
11. Yukon
http://www/community.gov.yk.ca/corp/partnership_
business_names.html
Important
Notes
68

Business startup in Canada

Recommended

Recommended

More Related Content

Similar to Business startup in Canada

Similar to Business startup in Canada (20)

More from BaharehNouri

More from BaharehNouri (20)

Recently uploaded

Recently uploaded (20)

Business startup in Canada