Category: Canada

You’ll need a business license in order to sell products in Canada, and will also have to make sure that you’ve registered your business and gained a seller’s permit from the authorities. You’ll also need to register for GST (Goods and Service Tax). How to start online selling in Canada? Find a niche or competitive […]

Canada’s prime rate, the interest rate that major banks charge their best customers, is now 6.45%.Canada prime rate history. Date Prime Rate Target for the Overnight Rate April 2022 2.70% 1.00% March 2020 2.45% 0.25% March 2020 2.95% 0.75% March 2020 3.45% 1.25% Is Prime in Canada going up? Canadian banks raise prime rate to […]

If you want to protect your business name across Canada, you’ll have to do so federally. For many small business owners who don’t intend to conduct business across Canada, incorporating provincially is far more time and cost effective than incorporating federally. Is it better to incorporate federally or provincially? Federal incorporation requires more annual paperwork […]

The business visa costs can range between CAD $2,140 to CAD $4,355. The low-end cost is if you are immigrating by yourself, and the higher-end one is if you are immigrating with your spouse and one child, then $230 per additional child. These costs only refer to application fees set by the government of Canada. […]

Incorporation could also protect your assets if your corporation gets sued. That said, nothing prevents a plaintiff from suing you personally in Canada. Can I be sued personally if I am incorporated? Analysis. The general rule in its simplest terms is corporations are treated as people under the law, and people performing services on behalf […]

Federal rates The basic rate of Part I tax is 38% of your taxable income, 28% after federal tax abatement. After the general tax reduction, the net tax rate is 15%. For Canadian-controlled private corporations claiming the small business deduction, the net tax rate is 9%. Do business owners pay a lot of taxes? Small […]

You may be able to use a personal bank account for your business if it is a sole proprietorship. In a sole proprietorship, you and your business are legally one and the same. Is it okay to use personal bank account for business? Although having two bank accounts appears inconvenient, you shouldn’t use a personal […]

An acquittal means that the court found you not guilty. What does it mean to be acquitted in Canada? The judge will decide any questions of law. If your trial is by a judge alone, the judge will make the decisions. If the court finds you guilty, the judge will decide on your sentence. If […]

If you are charged with a criminal offence, you have a right to have your case heard in court within a reasonable amount of time. Our right to be tried in a reasonable time is defined in section 11 (b) of the Canadian Charter of Rights. Does Canada have right to a speedy trial? Any […]

Crypto-assets are not eligible for deposit insurance under the CDIC Act. CDIC recently reinforced with its member institutions that clear, accurate, and accessible disclosure about deposit insurance protection to consumers is critical to ensure they have the information they need to make informed financial decisions. Does Canada regulate crypto? On the heels of the spectacular […]