Starting a Business
The following are general requirements and guidelines
affecting most businesses. Please note, additional regulations from municipal,
provincial and/or federal government may apply to your particular
business.
1. Registering your
Business You do not need to register
your business if you operate it in your own personal name as a sole proprietor.
If you are going to operate under a business name as a sole proprietorship, a
partnership or a limited company, register your business with the provincial
Registrar of Companies. A registration package may be obtained from any
government agent office. You should register your business prior to obtaining a
business licence. Allow at least seven days for your name search and
registration.
If a sole proprietor establishes a business in his or
her own name, without adding any other words, it is not necessary to register
the business.
The One Stop Business Registration
Service is a quick way of completing the most common business
registration forms.
Web Site: http://www.osbr.sb.gov.bc.ca ........ or
Contact your local Government Agent ........
or
Registrar of Companies 2nd Floor, 940 Blanshard
Street, Victoria, BC
Tel: (250) 387-7848 Fax:
(250)356-0206
2. Obtaining a Business
Licence Municipalities normally
require that your business premises be licensed to conduct business within its
municipal boundaries in accordance with the bylaws. In some instances, persons
may be required to obtain licences in municipalities in which they do not
maintain premises but do carry on business. For example, persons involved in
direct sales to the consumer should contact each community in which they are
doing business.
If your business is located in an incorporated
municipality (city, town, village or district), obtain a business licence from
the municipal business licence office. Refer to the blue pages of your telephone
book for your local municipal hall
3. Land Use and
Zoning If your business is located in a
municipality, check with municipal authorities to ensure conformity with zoning
and building regulations. If your business is located in an unincorporated area,
check with the Regional District to ensure conformity with land use
designation
4. Provincial Sales Tax (Social
Service Tax) You must register with the
Consumer Taxation Branch, Ministry of Finance and Corporate Relations, and
collect social service tax on your taxable sales and leases if you engage in any
of the following activities:
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selling goods at
retail; |
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leasing goods as a
lessor; |
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providing legal
services; |
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selling parking rights
within the Vancouver Regional Transit Service Area;
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providing taxable
services (e.g. repairs to goods); and,
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providing
telecommunications
services. |
The Consumer
Taxation Branch will issue you a Certificate of Registration and provide
information on your responsibilities. To obtain additional
information, http://www.fin.gov.bc.ca/ctb/
Consumer
Taxation Branch Tel: (250) 387-0656 Tel: (604) 660-4524
5. Federal Goods and
Services Tax (GST) If your annual revenue from the sales of
taxable goods and services will exceed $30,000, you are required to register for
GST. Once you have registered, you will be assigned a Business Number (see next
section). If your annual revenue from the sales of taxable goods and services is
not expected to exceed $30,000, you are not required to register. If you do not
register, you will not charge GST to your customers but neither will you be able
to receive a refund for the GST paid on your business
purchases.
CCRA GST web
site http://www.ccra-adrc.gc.ca/menu/EmenuHDA.html
Or for more details
and/or a registration kit contact the Revenue Canada Office listed in the blue
pages of the telephone book. Tel: (604)669-2990
Toll-free: 1-800-959-5525
6. Business
Number When you open one or more of Revenue Canada's four
major business accounts: corporate income tax, import/export, payroll deductions
and the goods and services tax (GST) - you will receive a Business Number (BN).
The BN is a numbering system that identifies you and the various accounts you
maintain. Business Windows are located in many major Revenue Canada offices
across the country from which Business Number Registration Kits can be
obtained.
In the Lower Mainland call
669-2990. Outside the Lower Mainland call: 1-800-959-5525
7. Workers'
Compensation Board (WCB) Most business operations in British
Columbia are required to have compensation coverage - about 80 per cent of all
employers. Employers who are uncertain about their need to register for
compensation coverage should contact the WCB for information.
Overall responsibility for
complying with the Workers Compensation Act and WCB Regulations and for paying
assessments rests with the employers, as the controllers of the workplace. For
more information please contact: WCB Web Site: http://www.wcb.bc.ca/
Tel: (604) 273-2266 Fax:
(604) 276-3151 Toll Free: 1 800 661-2112
8. Labour
Requirements If you are hiring employees or subcontracting
for labour, you may want to know requirements for minimum wage, statutory
holidays and other employer/employee rights. To obtain this and other related
information, contact the nearest Employment Standards Branch office of the
Ministry of Skills, Training and Labour, listed in the blue pages of the
telephone book. For details on employer/employee rights under the new Employment
Standards Act and the Industrial Relations Reform Act,
contact:
Employment Standards
Branch http://www.labour.gov.bc.ca/employers/
Lower Mainland:
(604)660-4000 Toll Free in BC: 1 800 663-3316 Fax:
(604)775-1983
9. Business
Records If you are operating a business or have a
self-employment income, set up an orderly record and accounting system as
required under the appropriate laws. It is recommended that you contact the
nearest Revenue Canada office for relevant forms, information on expense
deductions, interpretation bulletins and income tax return
forms.
Purchasing the services of
a qualified accountant (like us) is recommended.
Other Goverment
Resources :
Government of
Canada Small Business Resource Web Page http://www.ccra-adrc.gc.ca/tax/business/smallbusiness/index-e.html
Government of
Canada Guide For Small Businesses http://www.ccra-adrc.gc.ca/tax/business/smallbusiness/rc4070/rc40701-e.html
B.C. Provincial
Government Small Business Resource Web Page http://www.sb.gov.bc.ca/
Community
Futures Development Corporation http://www.northfraser.org
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