Business Structure: determine the legal structure of your business, such as a sole proprietorship, partnership, corporation, or cooperative.
Business plan: create a plan outlining your goals, target market, products or services, marketing strategy, and financial projections.
Location: Identify a physical location for your business operations, which might affect zoning and licensing requirements.
Permits and licenses: Check and obtain any necessary permits and licenses at the federal, provincial, and municipal levels.
Business Number: Register for a business number (BN) with the Canada Revenue Agency (CRA), which is used for tax purposes.
GST/HST Registration: You must register for GST or HST if your annual business revenue exceeds a certain threshold, depending on your province.
Payroll and Hiring: If you plan to hire employees, register with the CRA for payroll deductions and obtain a payroll account.
Business insurance: consider getting business insurance to protect against liabilities, property damage, and other risks.
Bank Account: Open a business bank account to separate your personal and business finances.
Registration Process: Complete the necessary registration forms and submit them to the appropriate authorities.