New Brunswick, Canada, is a very welcoming and inexpensive place for budding entrepreneurs.
Here’s how to register a business in New Brunswick. You’ll need to know the required information before you can go ahead with this process.
One of the first actions needed when starting your business is registering it as an organization or sole proprietorship depending on what your business name will be in New Brunswick. For example:
The name of your company can be whatever you want and doesn’t have to be unique. Registered names are also available for companies registered by an individual which means that there is no limit on how many businesses can share the same name (e.g., Apple).
Once the name of your company has been registered and an application form has been filed with the appropriate Canadian provincial or territorial government, a business tax number will be issued. This six-digit number is assigned to the organization that you have chosen to be your Newfoundland and Labrador, New Brunswick, or Nova Scotia based business.
It is important to note that businesses are required to report income and pay taxes on a quarterly basis throughout the year as well as filing estimated taxes. If a company does not comply with these requirements, then Canada Revenue Agency (CRA) may use other ‘revenues’ that can include asset sales such as car sales for taxation purposes for certain amounts of time.
The cost of registering a business in New Brunswick ranges from $50.00 to $60.00 and you can also register a business by phone at no extra cost to you (for additional information, see “contact information” below).
How to Register a Business in New Brunswick?
It’s important to be familiar with the basic procedures for the process of registering a new business or corporation in New Brunswick. They are discussed below.
The fees for registration are set out on the website of the provincial government, but they are subject to change on an annual basis: NB Government website.
The process of registering a business in New Brunswick is rather fast and easy.
All you need to do is go to the official website of the provincial government, click on “corporations” and then select “apply for a business number”.
You’ll be asked to fill out some basic information about yourself, your company, its activities and your contact information.
This can all be completed online. You can also pick up an application at any Service New Brunswick Centre or order one by phone: 506-453-2441 (Individuals) | 506-452-1240 (Business Corporations) | 1-877-506-4444 (toll free). The amount you have to pay will depend on the kind of business you’re registering, but it is $25.00 for individuals and $50.00 for corporations (details below).
Once the application form has been filed, it will be processed by one of the Service New Brunswick Centres. This can take 10 days or so to complete.
Your file will then be sent over to Centralized Registration Services Corporation in Ottawa, Ontario. You’ll get an email alerting you when your application has been received by them.
From there, they send it back to Service New Brunswick in whatever province or territory they are located, where they can register your business number on their system. As I mentioned, this can take about 10 days.
It may be helpful to know that in New Brunswick, you don’t have to complete a form for every business you start. If you are only going to register one company at a time, then no form is required at all.
Therefore, the New Brunswick government has made it possible for anyone to register as many businesses as they want without filling out any forms! You can just select “apply for subsequent businesses” when you file your application online after registering your first company.
What are the Requirements of New Brunswick Businesses?
You must have a business license if you have employees and/or pay any remuneration for services rendered or goods sold. Businesses must also have all the required business licenses, permits and/or other permissions related to the industry that they intend to work within.
If you need assistance, please refer to the New Brunswick government’s official website: www.gnb.ca
To review, here are the steps to follow to register a business in New Brunswick:
1. Go to the website of the New Brunswick government at: www.gnb.ca
2. Type “business” into the search bar and click on “businesses”.
3. Click on “apply for a business number”, fill out the required information, and then submit your application online.
4. Check your email for a message from Centralized Registration Service Corporation which will contain your business number and other information needed to register your business in New Brunswick, as well as a list of all government services that are available to you. This email will be sent to the email address you’ve provided with your business registration application.
5. Print out this envelope and bring it to any Service New Brunswick Centre where a business number can be issued for your company.
That’s all it takes! At this point you are finished registering your business in New Brunswick!
New Brunswick Businesses Resources
The list found here contains the various permits and licenses you’ll need to operate your New Brunswick businesses.
Provincial Business Tax
For information related to the Provincial Business Tax, visit this page on the New Brunswick government’s website.
The Canadian Business Directory helps you find information about starting a business in all different cities across Canada including New Brunswick.