Area of Law: Tax Law
Answer # 193
Registration with Canada Revenue Agency (CRA)Region: Ontario Answer # 193
Most businesses are required to collect and remit federal taxes and will first need to register with Canada Revenue Agency (CRA) to do so. CRA assigns each business just one Business Number (BN) to simplify correspondence with them.
Applying for a Business Number (BN) with CRA
To apply for a Business Number you must fill out a form available from CRA. Once you are assigned a Business Number, you can use it as a reference number for collecting and remitting HST, import or export taxes, payroll deductions, and corporate income tax.
Other business taxes
There are other taxes and premiums that businesses pay that are administered by other government offices and do not use the Business Number assigned by CRA. These include Workplace Safety and Insurance and the Employer Health Tax.
Visit Canada Revenue Agency for more information regarding registration and applying for a Business Number.
For legal advice in deciding which form of business is right for you, assistance with setting up your business, and for all other business matters, contact our preferred business lawyers, Singer Business Law .
For help filing your tax returns, contact H&R Block.
For legal advice and assistance with tax planning, a CRA tax dispute, or other tax issues, contact our preferred Tax lawyers and see who’s right for you:
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