How to start a small business in Ontario Canada in 2023. Ontario is a province of Canada, located in the east-central region with beautiful sights, including Niagara Falls and the Great Lakes. The capital of Ontario is Toronto, home to many immigrants and a large number of businesses.
Starting a business in Ontario is one of the best decisions you can make. But it’s also a big step, and it’s important to know what it takes to begin. There are many factors to consider, and it’s easy to get lost in the details. If you’re looking for a basic overview of how to start a business in Ontario in 2023, this guide will help you.
In Ontario, there are a few different industries in which you can start your own business. If you’re interested in starting a cleaning business, you’ll need to make sure you have the proper training and qualifications before getting started. The same is true for construction businesses and delivery services. Consulting businesses are also popular in Ontario, and they don’t require any special certifications or training.
How to start a small business in Ontario
First, you’ll need to find out if your business idea is authorized under the laws of Ontario. You can check this by searching the Ontario government’s website for “Business Types,” or by calling the Ministry of Government Services at 1-888-222-2232.
In order to start a business in Ontario, you’ll need to register with the government. The first step is registering for an Employer Identification Number (EIN) on the Canada Revenue Agency website. This number will be used when filing taxes and reporting your income from your business. It’s also important that you have an address so that customers can reach you; we recommend using a PO Box until you find an office or storefront location.
Register a business in Ontario
Here are the steps you’ll need to take to register your business in Ontario. These include:
- Registering your name (which can be done through Corporations Canada)
- Registering for GST/HST (which can be done through Revenue Canada)
- Getting an Employer Identification Number (EIN) from the IRS (this will allow you to open bank accounts and apply for credit)
- Registering for Workers’ Compensation Insurance (WCI)
Next, it’s time to choose which type of business entity is right for your needs: sole proprietorship, partnership, or corporation (LLC). Each type has its advantages and disadvantages regarding taxes and liability protection; consult an attorney if necessary.
Finally, once all these steps are complete, you can start marketing your new business! Start by creating an online presence on social media platforms such as Facebook and Twitter as well as building out your website with relevant information about what services you offer.
Cost to get a business license in Ontario
Cost to start a small business in Ontario in 2023
It will cost you $360 to incorporate your business in Ontario. That is in person or by mail only. If you do it online (Ontario Ministry of Government and Consumer Services), then the cost is less, $300.