The time it takes to register a business can vary. One of the most significant factors involved is the type of business that you are registering. A smaller, less complicated business structure, such as a sole proprietorship, can be registered successfully within one business day. Corporations can take as long as five business days since the process is much more complicated.
Within a few days, you should get your business number (BN), a nine-digit number assigned to you by the Canada Revenue Agency that is needed for taxation purposes. You will also receive a separate 9-digit number on your business identification number (BIN), which is used provincially and can be found on your business license.