Most banks will require proof of registration prior to opening a business bank account. You can now also register your business 24 hours a day in the comfort of your own home via the internet . Within Metro Toronto licenses are required for most types of business. Municipal registration procedures may differ outside of Metro so contact the Clerk s Department at the City of Toronto. The Business Practices Act requires drug, forestry, motor vehicle, real estate, travel, day-care, bingo halls, liquor sales, gas stations, transportation businesses to obtain special permits.
Municipalities often place restrictions on the location of certain types of business activity.
Businesses should ensure current zoning regulations allow operations in their chosen location. This is for the collection and remittance of Provincial Sales Tax applicable to most retail goods and some services. Most businesses are required to collect and remit this federal tax. In general, basic groceries, agricultural products, medical goods, and exports are zero-rated and some services are zero exempt. There is no charge for the permit.