The Ontario Business Registration Guide: How to Register a Business in Toronto / Ontario, Canada

Congratulations on picking up this book and taking time to educate yourself about one of the most liberating and rewarding steps you are about to take.

My name is Benjamin Lashar. I am a Canadian who moved to the USA 25 years ago to pursue a successful corporate career. But the global economic crisis of 2008 forced my employer to lay me off. I took a nice severance offer and moved back to Canada with my wife and children to be close to our family.

After a year relaxing and contemplating next steps, I started a business in Ontario that has grown successfully over the last few years. Since then I have registered more businesses as well as helped others in my family and friends circle do the same.

I’ve learned a lot about the business registration process over the last several years, and I have written this book to help you understand the implications of registering a business in Ontario, as well as how to go about doing so.

This book also serves as an efficient way to respond to some of the most common questions I received about the process. Rather than respond individually, it is my hope that this book reaches far more than whom I can reach personally and help everyone searching for this information.
As an entrepreneur and successful multi business owner, I hope you will find this information helpful and

actionable so that you too can take advantage of it immediately.

I wish you all the best

Ben Lashar

Table of Contents

Foreword
Introduction to Doing Business in Ontario
Selecting a Name for Your Business
Researching the Potential Name of Your Business
Filing for Your Business Name – What Do You Need?
Where to File Your Business Name
Obtaining Your Business License
The Business Registration Process
Registering Your Name & License
Registering Your Sole Proprietorship Business
Registering Your Business Online
A Step by Step on How to Incorporate
Why Incorporate in Canada? Examine the Reasons and Requirements
Business Loss Deduction from Personal Wage Income (Tax Implications)
Corporation Tax Advantages
Corporate Ownership Structure
Legal Entity Existence When You Incorporate in Canada
Incentivized Employee Compensation
Capability to Raise Funds
Professional Assistance and Guidance
Disclosure and Disclaimer