BN | HST | PAYROLL | IMPORT/EXPORT
If you have already registered or incorporated your business and NOW wish to setup tax accounts, you can complete tax accounts set ups easily through our portal. Misplaced your existing BN number, we can get a copy of the number and email you the number.
If you incorporated a business, the BN number was automatically assigned to the corporation for the corporate tax yearly filings.
The BN number associated with the corporate account is the universal number that can be also used for HST and Payroll but require set up as the tax accounts are not automatic outside of the corporate tax account for filings with Canada Revenue Agency.
If you registered a business, the BN number is not assigned unless you opt in for tax accounts. The registered business is taxed under the individual owner or owners and is not a separate body from the individual who owns the business.
The BN number first needs to be set up for a registered business prior to applying for HST or Payroll.
No matter how you have set up your business whether incorporated or registered, HST is never automatic. You are not required to set up an HST account until the business earns $30,000.00 within a year. Prior to this, the application for HST remains voluntary. When you have earned $30,000.00 revenue for your business within the year (January 1st to December 31st or fiscal year (this could be any 12 months for a corporation depending on tax year end) you are required to set up the HST number.
To apply for HST, our office will need the following information:
If you have lost or misplaced your corporation BN number, we can search to retrieve it for you and send it to you via email.
Payroll is only required when you hire employees who work for you either part time or full time. Until you have employees, there is no need to apply. Once you have set up the PST account, you will be required to file a PD7A Summary each month and contribute to the CPP and EI benefits of the employee or employees.
To Apply for Payroll our office will need the following information:
The Import/Export license is only required when you are either bringing goods or products into Canada from another country to sell or if you are selling Canadian products abroad to another country or countries.
To Apply for the Import/Export License: