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IN-307-V (2005-05)
New Businesses and Taxation
This publication is intended for small and medium-sized businesses. It briefly describes the various legal forms of business organization: sole proprietorship, partnership and corporation.
Most of the information provided concerns the tax consequences of operating a business. The topics discussed include
- the procedure for registering for the GST, the QST and source deductions;
- the fiscal obligations of businesses, as well as the tax credits, deductions, GST and QST refunds, and other advantages businesses may claim;
- the administrative formalities required by certain government departments and agencies in order to start a business.
| Note |
| The GST rate has been reduced from 7% to 6% since the time of publication. An update is currently underway. |
 |  |
| Type of document | Size | Requires | Revision date |
 | 644 KB | Adobe Reader | 2005/05 |
