New Businesses and Taxation
IN-307-V

Note

We are currently updating this document in light of recent changes to the legislation.

This publication is intended for small and medium-sized businesses. It briefly describes the various legal forms of business organization: sole proprietorship, partnership and corporation.

Most of the information provided concerns the tax consequences of operating a business. The topics discussed include

  • the procedure for registering for the GST, the QST and source deductions; 
  • the fiscal obligations of businesses, as well as the tax credits, deductions, GST and QST refunds, and other advantages businesses may claim;
  • the administrative formalities required by certain government departments and agencies in order to start a business.

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