Step by Step Guide to Starting a Business
Setting up your payroll and tax accounts
The type of business structure you choose has a big impact on the way you report your income and pay taxes. For example, as a sole proprietor, you would report your income on your personal tax return, whereas corporations have to submit a corporate tax return.
This information will help you figure out which tax accounts you need and how to report and file your income and taxes.
-
Employer Payroll Responsibilities
http://www.cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/menu-eng.htmlImportant information on deducting Canada Pension Plan (CPP) contributions, Employment Insurance (EI) premiums and income tax from income your employees pay, and reporting them to the Canada Revenue Agency. -
Tax Information for Business
http://www.cra-arc.gc.ca/tx/bsnss/menu-eng.htmlAccess Canada Revenue Agency's Business section to browse tax-related information for your business. -
Guide for Canadian Small Businesses
http://www.cra-arc.gc.ca/E/pub/tg/rc4070/README.htmlLearn about the different forms of taxation and find out how to keep records, submit reports and payments for GST/HST, excise taxes, income taxes, payroll deductions, and more. -
E-Services for Business
http://www.canadabusiness.ca/eng/summary/2281/Applies to: All of Canada
You can save time and paper by using electronic services to handle tax filing and remittance. Register now! -
Tax Events and Seminars
http://www.canadabusiness.ca/eng/summary/2283/Applies to: All of Canada
Learn how to manage your business taxes at a tax seminar in your area. -
Business Number (BN)
http://www.canadabusiness.ca/eng/summary/1208/Applies to: All of Canada
Your Business Number is your single account number for dealing with the federal government regarding taxes, payroll, import/export and other activities. -
Starting a Business: Choosing a Year-End
http://www.canadaone.com/ezine/dec99/year-end.htmlAre you confused about choosing a year-end for your business? Find out how you can reduce or defer taxes according to your business structure.
Table of Contents
- Is entrepreneurship for you?
- Buy a business or start your own?
- Developing your business idea
- Choosing a business structure
- Naming your business
- Writing your business plan
- Choosing and setting up a location
- Registering your business
- Setting up your payroll and tax accounts
- Financing your business
- Obtaining licences and permits
- Hiring employees
- Getting the word out
- Protecting your interests
- Accessing additional resources



