How to Open a Business in Canada as a Newcome

Do you have a business idea or want to be your own boss in Canada? You’re not alone! Many newcomers bring incredible talent, products, and energy, and Canada is a great place to start your own business.

The process might seem confusing at first, but don’t worry, we’ll walk you through the basics step by step.

Step 1: Start with an Idea (and a Plan)

• What service or product are you offering?
• Who will buy it? (your target customers)
• What makes it special?

Write down your idea and make a simple business plan. It doesn’t need to be perfect, just something to help you stay organized and focused.

Step 2: Choose Your Business Structure

In Canada, you can register your business in three common ways:

• Sole Proprietorship: One person, easy to start, low cost
• Partnership: Two or more people share the business
• Corporation: More complex, but gives you legal protection and tax advantages

Many newcomers start with a sole proprietorship and upgrade later.

Step 3: Register Your Business Name

If you want to use a business name (not just your personal name), you need to register it with your province:

• Ontario: ServiceOntario
• British Columbia: BC Registries
• Alberta: Alberta.ca

Step 4: Open a Business Bank Account

Keep your personal and business money separate. Most banks offer special accounts for small businesses. You’ll need your business registration and ID to open one.

Step 5: Understand Taxes

• Most small businesses don’t need to charge tax until they make over $30,000/year — but you can register early if you want
• Learn about GST/HST in your province
• Keep all your receipts and invoices

Tip: Consider talking to an accountant or using free small business tax workshops (many are offered by newcomer agencies).

Step 6: Promote Your Business

Use free tools to get started:

• Create a Google Business profile
• Make a free Instagram or Facebook page
• Tell your community, join local events, and offer promotions

Word of mouth is powerful — especially in newcomer communities!

Bonus: Resources for Immigrant Entrepreneurs

• Business Development Bank of Canada (BDC): Free guides and funding options
• Futurpreneur Canada: Offers mentorship and support for young entrepreneurs
• Local settlement agencies: Many offer free business startup programs and mentorship

You’ve Got This!

Starting a business in a new country can feel scary — but it’s also exciting. Canada supports small businesses, and your skills and culture are valuable.

Start small, stay focused, and ask for help when you need it. You’re not alone — your dream is possible here.