- Business Name
- Business Type
Vendor's License (PST Number)
- Saskatchewan Workers' Compensation Board
- Saskatchewan Advanced Education, Employment and Labour
1. BUSINESS NAME
Provincial legislation requires the registration of a business name if it is different than your own personal name.
Select a business name that best suits your business and register it with the Corporate Registry. Before you register a business with the Corporate Registry, you must conduct a province wide search to ensure that no other business has an identical or very similar name to the one you want to use for your business. A nation-wide business name search is also an available option.
2. BUSINESS TYPE
A major decision as you start your new business is the type of ownership it will take. There are three basic structures any business can take: Sole Proprietorship, Partnership or Corporation. Each form of ownership has different implications for liability, taxation and succession.
Sole Proprietorship
An unincorporated business is owned by one person, called a proprietor. The owner does not have separate legal status from the business (although the business name itself may need to be registered) and pays personal income tax on the net taxable income generated by the business.
General Partnership
An association or relationship between two or more individuals or corporations that join together to operate a business for profit. Partners include their share of income or losses on personal or corporate tax returns.
Corporation
A corporation is a separate legal entity which can enter into contracts and own property separately and distinctly from its owners, the shareholders. A corporation has to pay tax on its net taxable income and files a separate income tax return. A corporation can be federally or provincially incorporated.
Registering your business is now just a click away! The Business Registrations Saskatchewan website is an easy and convenient way to register your new business in Saskatchewan. Visit www.isc.ca/businessregistrations to find out more!
3. VENDOR’S LICENSE (PST NUMBER)
All businesses are required to register with Saskatchewan Finance. They then determine who is required to collect and remit PST.
The Provincial sales tax (PST) is a sales tax that applies to taxable goods and services consumed or used in Saskatchewan. It applies to goods and services purchased in the province, as well as goods and services that are imported for consumption or use in Saskatchewan. The GST is excluded in calculating the amount of PST payable.
The new Business Registrations Saskatchewan website (www.isc.ca/businessregistrations) allows you to register with the Corporate Registry, Saskatchewan Finance, and the Workers' Compensation Board in one easy and convenient process.
4. SASKATCHEWAN WORKERS’ COMPENSATION BOARD
Most businesses in Saskatchewan that employ workers must register with the Workers’ Compensation Board (WCB) before hiring any employees.
Registering with the WCB provides workplace insurance coverage for all of your workers and gives you access to experts in health and safety for your business sector.
If you are a sole proprietor, partner or executive officer, you are not automatically covered under the WCB insurance plan. You can apply for optional insurance by calling the WCB.
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Additional Information
Saskatchewan Workers' Compensation Board (WCB)
Phone: (306) 787-4370 (in Regina)
Toll Free: 1-800-667-7590
Website: www.wcbsask.com (visit the WCB website to view rates for your business type) |
5. SASKATCHEWAN ADVANCED EDUCATION, EMPLOYMENT AND LABOUR
Contact Saskatchewan Advanced Education, Employment and Labour for labour and safety standards, and follow the recommendations set out by Occupational Health and Safety to ensure the safety of all employees.
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Additional Information
Saskatchewan Advanced Education, Employment and Labour
Toll Free: 1-800-667-1783
Website: www.labour.gov.sk.ca |