If you’re starting a business in Canada, you’ll need to get a business number from the Canadian Revenue Agency (CRA). This number is used to identify your business for tax purposes. Here’s how to get your business number.
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In order to incorporate your Canadian business, you will need a Business Number (BN) from the Canada Revenue Agency (CRA). This number is used to identify your business for tax purposes. You will need this number when you register for a Goods and Services Tax/Harmonized Sales Tax (GST/HST) account and when you file your income tax return. You may also need this number when dealing with other government agencies.
What is a business number and why do I need one?
All businesses in Canada need a business number. The business number is a nine-digit identifier that you use to access all of the Government of Canada’s business programs and services. We issue one number and a business profile to each business. This saves you time because you don’t have to identify yourself every time you deal with us.
You get a Business Number by registering for certain Government of Canada programs. When you register, we automatically assign a Business Number to your business.
You need a Business Number to:
-open a bank account
-file GST/HST returns, import/export declarations, payroll deductions remittances, and corporate income tax returns
-apply for other government programs and services for businesses
How to get a business number
In order to get a business number, you will need to contact the Canadian Revenue Agency. The CRA is responsible for issuing business numbers, and they will be able to provide you with the necessary information and forms.
How to use a business number
A business number is a unique nine-digit number assigned by the Canada Revenue Agency (CRA) to businesses and self-employed individuals. It is used to identify businesses for tax purposes.
You will need a business number if you are:
-incorporating a business
-registering for GST/HST
-importing or exporting goods
You can find your business number on CRA correspondence, such as your notice of assessment, or on your business permit or license. If you cannot find your business number, you can call the CRA Business Window at 1-800-959-5525.
What are the benefits of having a business number?
There are many benefits of having a business number, including:
-Easier to keep track of business expenses and income
-Helps you separate business and personal finances
-Allows you to open a business bank account
-Can make it easier to get a business loan
-May be required by suppliers or customers
How can I find my business number if I lost it?
There are a few ways you can find your business number in Canada:
-Check your business registration documents. If you registered your business with the government, your business number should be on those documents.
-Look for correspondence from the government. Any correspondence from the Canada Revenue Agency (CRA) or other government agencies will include your business number.
-Call the CRA. If you can’t find your number, you can call the CRA and they will help you locate it.
What do I need to do if I change my business address or phone number?
If you registered your business with the Canadian government, you were given a business number. This number is used to identify your business on government documents and for tax purposes. If you move your business or change your phone number, you will need to update your information with the government.
To change your address or phone number, log in to the Business Number account associated with your business. From there, you will be able to update your contact information. You will need to provide your new address and phone number, as well as the date that the change will take effect. Once you have updated your information, click “Submit” to save the changes.
Can I have more than one business number?
Yes. If you are a sole proprietor with more than one business, you will need to register for a separate business number for each business. For example, if you run a home-based business and a daycare, you will need to have two business numbers.
I’m from another country. Do I need a business number to do business in Canada?
If you are a non-resident of Canada and you carrying on business in Canada, you will need to apply for a business number. This applies even if your business is based outside of Canada. You can apply for a business number by visiting the Canadian Revenue Agency website.
If you’re starting a business in Canada, you’ll need to register for a business number with the Canadian Revenue Agency (CRA). Your business number will be your company’s unique identifier and will be used on all of your company’s documents, including your tax returns, GST/HST returns, and payroll deductions forms.
You can register for a business number by completing the Business Number Application form (CRA BN 1) and submitting it to the CRA. Once you have registered for a business number, you will be given a nine-digit Business Number (BN) which will be your company’s identifier for all future dealings with the CRA.