Whether you are starting or growing your business, you need to be aware of business regulations. Regulations set the standards and rules that ensure the Canadian marketplace is safe, consistent and fair to everyone. There are certain rules that every business must follow, and there are also rules that are more specific for every industry.
There are a number of regulations that apply to different business activities such as:
- Hiring employees
- Marketing, advertising and sales
- Managing employees
- Ensuring the safety of the workplace
For up-to-date information on the different business regulations of Ontario, please visit the Canada Business Network website:
Registering Your Business
Every business must be registered with the Government of Canada. Before registering your business, you will need to decide on the name of your business. You can search exisitng registrations online to see if the name of your business is already being used.
The cost of registration is $60 and it must be renewed every five years. You can register your business online:
Once registered, you’ll receive a Master Business Licence (MBL), which you can use as proof of business name registration at financial institutions and in business transactions with the Ontario government.