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A business gets a BN the first time it registers with
Canada Revenue Agency. The four major Revenue
Canada business accounts are as follows:
corporate income tax
import/export
payroll deductions
Goods & Services Tax (GST/HST)
Businesses that register for a BN get one-stop
business services from the government. This
includes integrated new business registration, a
consolidated approach for updating account
information and integrated business account
inquiries.
Contact:
Canada Revenue Agency
Edmonton District Tax Services
Suite 10, 9700 - Jasper Avenue
Edmonton, Alberta T5J 4C8
Toll-free: 1-800-959-5525
Calgary District Tax Services
Room 172, 220 - 4 Avenue SE
Calgary, Alberta T2G 0L1
Toll-free: 1-800-959-5525
www.cra.gc.ca
Business Structure
One of the first things you must do is decide how
you want to organize your business. You may choose
to operate as a sole proprietorship or you might
decide it is better for your business to form a
corporation, partnership or new generation co-op.
Each type of business has different advantages,
disadvantages and tax consequences. These are
outlined on the following chart. Check with a lawyer
and accountant for more details.
If you choose to organize your business as a
corporation, then you will need to register with
Service Alberta, Corporate Registry. As you expand
and grow your business, you may need to register
your company federally or with other provinces.
Consult with your lawyer at that time.
For further information and registration sites, check
the Service Alberta website www.service.alberta.ca