Wednesday, March 24, 2010

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A business requires a GST number if it sells taxable goods or services. A GST number becomes mandatory once your revenues exceed $30,000. However, if your revenues are less than $30,000, obtaining a GST number is voluntary. You can register for your GST (Business Number - BN) by calling: Canada Customs and Revenue AgencyPhone #: 1-800-959-5525.Please Note: When registering for a GST number by phone or in person, you must ensure you have a social insurance number (SIN).

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A name search is optional when registering a business name in Ontario. You may want to know if the name you have in mind is used by another business or not. The name search is mandatory when registering a corporation. For further details check the article: Naming your business at Canada-Ontario Business Service Centre web site: www.canadabusiness.ca/ontario


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There are several reasons for writing a business plan: - Describe a new business- Create a road map for your business- Back a loan application - Increase equity funding- Describe objectives and means to achieve those objectives- Establish a value on your business

open the new blog

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A business requires a GST number if it sells taxable goods or services. A GST number becomes mandatory once your revenues exceed $30,000. However, if your revenues are less than $30,000, obtaining a GST number is voluntary. You can register for your GST (Business Number - BN) by calling: Canada Customs and Revenue AgencyPhone #: 1-800-959-5525.Please Note: When registering for a GST number by phone or in person, you must ensure you have a social insurance number (SIN).