Calling All Ontario Hustlers: Obtaining Your Business Number (BN) and Avoiding the CRA Boogie Woogie
So you've decided to ditch the 9-to-5 grind and become your own boss in Ontario? Congratulations! But before you snag that dream office (or, you know, designate a corner of your basement), there's a little hurdle to jump: the Business Number (BN). Think of it like your official badge into the world of entrepreneurship.
Now, the good folks at the Canada Revenue Agency (CRA) might make getting a BN sound like attending a tax audit convention. Fear not, fellow hustlers! This guide will have you waltzing through the BN process smoother than Drake at a Raptors game.
 |
| How To Get Bn Number Ontario |
Why You Need a BN (Besides Bragging Rights)
There are a few reasons why a BN is a must-have for your Ontario business:
- Tax Time Tango: A BN is your key to filing business taxes and collecting GST/HST. Basically, it keeps the CRA happy and avoids any unwanted dance parties with them.
- Keeping it Professional: Having a BN adds a layer of legitimacy to your business. It shows clients and suppliers you're a serious player, not just some guy selling socks out of his van (unless, of course, that's your brilliant business plan).
- Unlocking the Goodies: A BN allows you to register for certain government programs and benefits. Think of it as your backstage pass to exclusive entrepreneur perks.
Obtaining Your BN: Three Ways to Play the Game
The CRA offers a few options for getting your BN, so you can choose the method that best suits your groove:
Tip: Write down what you learned.
- The Online Whiz: This is the fastest and easiest way for most folks. Head over to the CRA's Business Registration Online (BRO) service and get that BN in a jiffy. Just make sure you have your Social Insurance Number (SIN) handy.
- The Phone Booth Ballad: For those who prefer a more personal touch, you can call the CRA's Business Enquiries line at 1-800-959-5525. Just be prepared to answer some questions and maybe wait on hold for a bit (think classic rock singalong session).
- The Snail Mail Shuffle: This option is for the truly old-school hustlers. Fill out the RC1 form and mail or fax it to your nearest tax services office. Just remember, patience is a virtue (especially when dealing with snail mail).
Important Note: Whichever method you choose, be prepared to provide some basic info about your business, like its legal structure and activities.
BN Bonanza: You've Got the Goods!
Congratulations! With your shiny new BN, you're officially ready to take the Ontario business world by storm. Just remember, a BN is just the first step. There's a whole world of tax regulations and bookkeeping fun waiting for you (but hey, at least you'll be your own boss, right?).
BN Blues? Here's the FAQ Lowdown:
How to find out if I already have a BN?
Tip: Focus on clarity, not speed.
If you're incorporated or registered for GST/HST, you likely already have a BN. Check your CRA mail or contact them directly.
How long does it take to get a BN?
 |
Online registration is the fastest, taking just minutes. Phone and mail applications can take a few business days.
Tip: Train your eye to catch repeated ideas.
How much does it cost to get a BN?
There's no charge to register for a BN. Woohoo!
How do I keep my BN information up-to-date?
QuickTip: Stop scrolling, read carefully here.
Inform the CRA of any changes to your business information through your CRA My Account or by calling them.
How do I know if I need a BN?
The CRA has a handy online tool to help you determine if you need a BN. Check it out before you boogie on over to register.
So there you have it, folks! With this guide and a little hustle, you'll have your BN squared away in no time. Now get out there and conquer the Ontario business scene!
 |
💡 This page may contain affiliate links — we may earn a small commission at no extra cost to you.
