Operating a Small Business

If you are starting a new small business in Canada, this information will introduce you to the CRA programs you should be aware of?

If you’re currently operating a business in Canada, then this information will update you to (CRA) programs you need to know about, and give an overview of ­­­your obligations and entitlements under the laws that CRA administers.

If you are self-employed, CRA considers that you have a business. If you operate your business by yourself, this is considered a sole proprietorship. If you have a business with a partner, CRA considers you have a partnership.

If your business is incorporated, you can learn more about Corporations by visiting CRA’s website - Corporations.

What's new for small businesses and self-employed - You can now choose to receive notices of assessment and reassessment, as well as some letters, online.

Setting up your business - Tax implications for sole proprietorships, partnerships and corporations, record keeping, etc.

Business Number (BN)  - What the BN is, who needs one, how to get one, requirements for Quebec businesses, etc.

Self-employment income 

  • Lines 135 to 143 - Net 
  • Lines 162 to 170 – Gross

Sole proprietorships and partnerships  - Information for self-employed business owners and partnerships.

Basic information about GST/HST  - What is GST/HST and who must register.

Business expenses - Common business expenses.

Payroll deductions and remittances  - Information about your responsibilities as an employer and how payroll works.

Income taxes  - Types of income and expenses, choosing fiscal periods, accounting for earnings.

E-services for businesses - Filing returns, making remittances, registering a business, payroll deductions, refunds and payments.

My Business Account - Convenient and secure online access to your personalized business account information and services.

Investment tax credit - Creation of apprenticeship jobs and child care spaces for employees.

Excise taxes, excise duties and softwood lumber products export charge  - Requirements for manufacturers and wholesalers.

Important dates for businesses  - Filing and remitting deadlines for GST/HST, income taxes, payroll, information slips, etc.

Canada Business  - Government services for entrepreneurs - this site provides more info for small and medium-sized businesses.

Tax information videos, events, seminars, and tax preparation clinics - Events and seminars provided by the CRA for business clients across Canada.

Other resources 

Employer Visits Program, rulings, seminars, help for taxpayers with a hearing or visual disability or speech disorder, and more.

There are several Forms and publications available to assist you:

Information on other related topics or additional information on operating a small business, include:

CRA provides a library of multimedia material such as: Starting your business