If you need help finding your Business Number (BN) or have questions about registering for a BN, this step-by-step guide will help you get started.
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In Ontario, a business number is assigned by the Canada Revenue Agency (CRA) when you register your business. The business number is a nine-digit number that identifies your business to the CRA and other government agencies. It is used for various tax and government programs, including the GST/HST, payroll deductions, corporate income taxes, and import/export accounts. You will need your business number when you file your tax returns, make GST/HST payments, or contact the CRA for any reason.
Your business number is also your import/export account number and your harmonized sales tax (HST) registration number. If you register for any other CRA programs, such as the payroll deductions program or the carbon pricing program, you will use your business number as your identifier for those programs as well.
What is a business number?
A business number is a unique nine-digit identifier assigned to your business by the Government of Canada. It’s used for various business dealings with the government, such as filing taxes and customs declarations. If you’re starting a new business in Ontario, you’ll need to apply for a business number.
How do I find my business number in Ontario?
If you’re starting a business in Ontario, you need to apply for a business number from the Canadian Revenue Agency (CRA). This 9-digit number is your business identifier and it allows you to register for federal and provincial taxes, including the GST/HST.
You can apply for your CRA business number online, by mail, or by fax. Once you have your number, you can register for other business programs and services, such as payroll deductions and import/export permits.
Why do I need a business number?
You may need a business number if you:
· buy or sell products or services in Canada
· hire or are hired by employees
· import or export commercial goods
· register your business with the Canadian Revenue Agency (CRA)
A business number is a 9-digit number that the CRA assigns to your business. It is also your company’s import-export account number, GST/HST account number, and payroll program account number.
What are the benefits of having a business number?
The business number is a 9-digit identifier that is used for business tax purposes. It is issued by the Canada Revenue Agency (CRA) and is required for businesses that operate in Canada. The business number consists of two parts:
-The first part is the CRA business program identifier. This identifier indicates which federal, provincial, or territorial government program the business belongs to.
-The second part is the actual 9-digit business number assigned by the CRA.
The benefits of having a business number include:
– simplifies dealing with multiple governments agencies;
– allows businesses to access government programs and services; and
– makes it easier for businesses to comply with government regulations.
How can I use my business number?
You can use your business number for various business-related activities, such as:
– Registering for a GST/HST account
– Filing GST/HST returns
– Filing payroll remittances
– Obtaining import/export permits
What are the restrictions on using my business number?
There are some restrictions on using your business number. You can only use it for business purposes, and you must include it on all correspondence with the government.
You must also keep your business number confidential and not give it to anyone who does not have a legitimate need for it. If you think someone has misused your business number, you should contact the Canadian Anti-Fraud Centre.
How do I get a business number?
Every business, whether newly formed or existing, requires a nine-digit Business Number (BN). This number is issued by the Canada Revenue Agency (CRA) and is used to identify a business when dealing with various federal, provincial/territorial, and local governments.
It’s easy to get a BN. The quickest way is to apply online through the CRA’s My Business Account service. You’ll need to have or set up a CRA user ID and password to access this service.
Applying for a BN online takes about 15 minutes. You’ll need some basic information about your business, such as your business address, type of incorporation, and contact information.
You can also apply for a BN by mail or by fax. To do this, you’ll need to fill out form RC1 “Request for a Business Number,” which you can get from the CRA website or by calling 1-800-959-5525.
What are the fees for getting a business number?
You can get a business number and register for some business programs at the same time. The basic fee for incorporation is $200.
How do I renew my business number?
In order to renew your business number, you will need to fill out a Business Number Renewal form. The form can be found on the Ontario government website. You will need to provide your business number, business name, and contact information. Once the form is completed, you will need to submit it to the Ontario government.