Starting a business in Ontario involves a handful of registrations that are easy once you know the order. This guide is general information, not legal advice, so check the current rules with the relevant government office or a professional.
1. Pick a structure
Most new owners choose between a sole proprietorship, a partnership and a corporation. A sole proprietorship is the simplest and cheapest, but you and the business are legally the same. A corporation is a separate legal person, which can limit personal liability but adds paperwork and cost.
2. Choose and register your name
Search for a name that is not already in use and that customers can remember. Register it through the Ontario Business Registry, which handles business names and incorporations.
3. Get a business number
The Canada Revenue Agency issues a business number that you use for tax accounts. You will need it to collect and remit sales tax, run payroll or file corporate returns.
4. Open the right accounts
Register for HST once your sales go over the small-supplier threshold, or earlier if you want to claim tax on your purchases. Open a separate business bank account so that your records stay clean from day one.
5. Check licences and insurance
Depending on your trade, you may need a municipal licence, a health permit or professional certification. Talk to an insurance broker about liability and property cover.
The chamber’s learning library has a short video and a free course that follow these steps. The Business Centre also hosts information evenings with accountants and lawyers.