- Federal Business Number
- Employer Registration Number
- Goods and Service Tax (GST)
- Import/Export Permit Reporting
- Federal Incorporation
1. FEDERAL BUSINESS NUMBER
Contact the Canada Revenue Agency to set up a business number (BN) for your business. The BN is a nine-digit federal client identification number to which businesses can register account programs. Your unique BN will be the same whether you have accounts set up for one or all of the following: goods and service tax (GST), payroll source deductions, import/export account and corporate income tax.
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Additional Information
Canada Revenue Agency
Toll Free: 1-800-959-5525 - 8:15 a.m. - 8:00 p.m. local time Monday-Friday
Website: www.cra-arc.gc.ca/business |
2. EMPLOYER REGISTRATION NUMBER
In conjunction with the BN, set up a payroll account number with Canada Revenue Agency. This step is required for all employers who make payroll deductions for employment insurance, income tax and Canada pension plan contributions.
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Additional Information
Canada Revenue Agency
Toll Free: 1-800-959-5525 - 8:15 a.m. - 8:00 p.m. local time Monday-Friday
Website: www.cra-arc.gc.ca/business |
3. GOODS AND SERVICE TAX (GST)
Goods and service tax (GST) is a tax on the sale of most goods and services sold in Canada. Every person or business engaged in a commercial activity with total worldwide gross revenue greater than $30,000 in any four consecutive calendar quarters (12-month period) is required to register, collect and remit the GST.
Even if you are not required to register for GST, you may want to weigh the pros and cons when deciding if you will voluntarily register. If you choose not to register, the GST you pay on your business purchases becomes a cost for which you cannot claim input tax credits.
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Additional Information
Canada Revenue Agency
Toll Free: 1-800-959-5525 - 8:15 a.m. - 8:00 p.m. local time Monday-Friday
Website: www.cra-arc.gc.ca/business |
4. IMPORT/EXPORT ACCOUNT
As an importer and/or exporter in Canada, you are required to keep accurate records. For information on how to apply for an import/export account, contact the Canada Revenue Agency. For information on access of goods to and from Canada, contact the Canada Border Services Agency.
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Additional Information
Canada Border Services Agency
Toll Free: 1-800-461-9999
Website: www.cbsa-asfc.gc.ca/import/rb-ee-eng.html |
5. FEDERAL INCORPORATION (optional)
Businesses in Saskatchewan can choose to incorporate federally and provincially. For a detailed overview on the processes and fees involved, please visit the Corporations Canada website for the Guide to Federal Incorporation.