New Businesses and Taxation
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.