Canada business startup resources
Your local province can help your home businessBefore you rush off and form a company, with your new business idea, you must take time to gather your thoughts and channel your energies most effectively. A home business startup is a process, and you must take your province and region into account in Canada. Formulate your business plan and take full advantage of your Canada business startup tax breaks or grants if available.
Your information is broken down by individual province for a more accurate level of local help, I really like this set up. Although there are different needs for setting up your business depending on which province you live in, there are still the same business types that you can use as a business platform in Canada. Free Classifieds from USfreeads! You can startup as a sole trader, take up a partner and form a partnership, join in a mutual ownership venture and form a cooperative, or incorporate and form a company.
The structure here is almost identical to the UK, as a sole trader, ideal for the home business, setting up is very easy, you can start a business from home, your taxes are personally payable through your existing tax form and you can operate as a business straight away. Because the business is an extension of yourself, you are legally liable for any debts arising from trading. If you run up big debts that cannot be met, you could loose everything you own, so use caution.
The rules regarding partnerships vary from by province, please consult your individual province for in depth details. Broadly speaking, a partnership is based upon two or more people setting up in business together. There are general partnerships and limited partnerships, both have their own legal identity. With a general partnership, each partner must carry the risk of the partnership. Therefore if you set up with a partner that makes bad business decisions or empties the bank account and absconds, you must pick up the liabilities for the entire partnership. If you decide to form a partnership, choose your partners very carefully and always question whether this is the best structure for your business. You can invest money and become a limited partner, but you are merely an investor and cannot have involvement in the running of the business. On a personal note, I have formed a partnership in the past, with a very close friend, the arrangement only lasted two months and within that time it became unworkable, it took years for the friendship to reform and neither of us benefited from the whole experience. As I said earlier, choose your partners wisely.
This is the main platform for business, when you incorporate, you form a Company. The differing rules from province to province comes into play again but they all fall under the umbrella of the Canada Business Corporations Act By incorporating, you limit your personal liability to the incorporated body, the business operates under federal corporate law and must abide by the rules and regulations set out. You are urged to seek professional advice when you choose this option, as always a recommend from a friend is the best place to start. Expand your horizonsNot many places on earth have as many natural resources as Canada
The beautiful Jasper National Park To make life easier for you, the province assistants are listed below. Canada business startup province resourcesAlberta Telephone: (780) 422-7722 Fax: (780) 422-0055 Toll-free (information): 1-800-272-9675 TTY Toll-free (hearing impaired): 1-800-457-8466 The business link, serving Alberta's entrepreneurs. British Columbia Telephone: (604) 775-5525 Fax: (604) 775-5520 Toll-free (information): 1-800-667-2272 ( B.C. Region only) Pages of information with all your license and zoning requirements. Manitoba Telephone: (204) 984-2272 Fax: (204) 983-3852 Toll-free (information): 1-800-665-2019 TTY Toll-free (hearing impaired): 1-800-457-8466 Information and services about the Manitoba Advantage for business - our communities, energy potential, resources, investment climate and much more. New Brunswick Telephone: (506) 444-6140 Fax: (506) 444-6172 Toll-free (information): 1-800-668-1010 (Atlantic region only) TTY Toll-free (hearing impaired): 1-800-887-6550 (Atlantic region only) TTY (hearing impaired): (506) 444-6166 Canada / New Brunswick Business Service Centre. Newfoundland Telephone: 709-772-6022 Fax: 709-772-6090 Toll-free (information): 1-800-668-1010 (in the Atlantic region only) TTY Toll-free (hearing impaired): 1-800-457-8466 The Newfoundland and Labrador Business Service Network. Northwest territories Telephone: 867-873-7960 Fax: 867-873-0573 Toll-free (information): 1-800-661-0599 TTY Toll-free (hearing impaired): 1-800-457-8466 Your Gateway to Business Information for the Northwest Territories through a Network of Seven Information Centres Across the Territory. Nova Scotia Telephone: (902) 426-8604 Fax: (902) 426-6530 Toll-free (information): 1-800-668-1010 (in Atlantic region only) TTY Toll-free (hearing impaired): 1-800-797-4188 (in Atlantic region only) TTY (hearing impaired): (902) 426-4188 Canada / Nova Scotia Business Service Centre Nunavut Telephone: (867) 979-6813 Fax: (867) 979-6823 Toll-free (information): 1-877-499-5199 TTY Toll-free (hearing impaired): 1-800-457-8466 Canada-Nunavut Business Service Centre Ontario
Telephone: (416)
775-3456 Fax:
(416) 954-8597 Toll-free (information):
1-800-567-2345 (in Ontario) TTY Toll-free (hearing impaired):
1-800-457-8466 TTY
(hearing impaired): (416) 973-0306
Canada-Ontario Business Service Centre (COBSC) Quebec Telephone: (514) 496-INFO (4636) Fax: (514) 496-5934 Toll Free / Sans frais 1 888 417-0442 Toll-free (information): 1-800-322-INFO (4636) TTY Toll-free (hearing impaired): 1-800-457-8466 The strangely named infoentrepreneurs site serves your region. Yukon Telephone: (867) 633-6257 Fax: (867) 667-2001 Toll-free (information): 1-800-661-0543 TTY (hearing impaired): 1-800-457-8466 The Canada-Yukon Business Service Centre. Saskatchewan
Phone: (306) 956-2323 Toll Free:
1-800-667-4374 Fax: (306)
956-2328 Your first port of call for local
business advice.
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