Frequently asked questions -- Business structure

What is the difference between a BN and a BIN?

The Business Number (BN) is a 9-digit identifier used in Canada to which businesses can register program accounts with the Canada Revenue Agency (CRA). This number should be used when communicating with the CRA about accounts you have or wish to register for. For example, if you would like to discuss your GST/HST account or you would like to register for a payroll account, you should quote your existing BN.

The Business Identification Number (BIN) is a 9-digit number used by the Ontario Ministry of Consumer and Business Services to identify provincial business accounts. It also appears on the Ontario Master Business Licence and should be used for communications with the Ontario government about your business.

What do I need to know if I am hiring a baby-sitter?

You may be considered an employer if you hire a baby-sitter and you:

• establish regular working hours (e.g. 9 a.m. to 5 p.m)
• assign and supervise the work done

See Employee or Self-Employed if you are not sure if the person working for you is considered an employee.  For more information, see Day care in your home.

If you are the employer, you will be considered a sole proprietor and you will need a payroll account. 

What is the difference between a partnership and a joint venture?

A joint venture is not considered a “person” for registration purposes, whereas a partnership is. Therefore, a partnership can have a BN; a joint venture cannot. A joint venture is limited in scope; a partnership is generally an ongoing business relationship that exists between persons carrying on common business.

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