A Business Number is a nine-digit identifier provided by the Canada Revenue Agency (CRA) to each Canadian business.
This number is given to register tax accounts and to make communication with CRA easier. Each legal entity (sole proprietor, partnership, corporation or trust) requires one business number and each business number can be registered for any or all of the four major tax accounts needed to operate your business;
The business number consists of three parts. The first 9 digits are the identifier, followed by 2 letters which identifies the account and finally a 4 digit reference number.
Before you are able to register your business for a business number, you will require the following information;
1) By Phone – You can call CRA at 1-800-959-5525. Be prepared to answer Part A of the RC1 form outlined above.
The online version will take you through a list of questions similar to the RC1 form outlined above. Once all the fields are entered, a business number will automatically be assigned at the end of the questionnaire to be used as soon as you would like.
Alternatively, KWB can register a business for you if provided with the required information. If you would like us to do that for you, please call us at 780-466-6204 or email us by clicking here.
Thanks to Sophie Duncan of KWB Chartered Accountants for providing this content.
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