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Step by Step Guide to Starting a Business

Setting up your 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.

  • Tax Information for Business
    Access Canada Revenue Agency's Business section to browse tax-related information for your business.
  • Guide for Canadian Small Businesses
    Learn 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
    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
    Applies to: All of Canada
    Learn how to manage your business taxes at a tax seminar in your area.
  • Business Number (BN)
    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
    Are you confused about choosing a year-end for your business? Find out how you can reduce or defer taxes according to your business structure.

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