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Following are just few items, that one has to look after very carefully when starting business in Canada. This information is relevant for business establishing in Ontario. For other provinces, required information can be accumulated from local Government agencies.

Essentials
- Business name, Business type (Sole Proprietor, Partnership or Company), Business registration

Business Plan - Business plan is the mandatory tool and must-have document for any kind of business. If you are in manufacturing, servicing, retailing or construction, you need a business plan. Visit Interactive Business Planner that will assist you in creating one.

Financing - Where to find financing for your business? Bank Loan, Personal Saving, Equity financing, etc. Contact various banks or BDC which are popular choices to fund your business with viable idea.

Canadian Youth Business Foundation (CYBF) Loan Program - The Canadian Youth Business Foundation provides loans of up to $15,000 to aspiring young entrepreneurs who are between 18 and 34 and are most likely to succeed in creating a business and for whom financial assistance is critical. It is expected that the business will provide full-time employment for yourself and others. To ease the early stages of business growth, loan repayments of three or five years are available so that you can stay focused on getting established. For further information contact on (416) 408 2923

 

 

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