Business Taxation

This section contains suggestions and contacts for Alberta corporations and employers. Only corporations and some partnerships have to register for federal income tax. Regardless of whether your business is a proprietorship, partnership or corporation you may have to be concerned about GST and employee source deductions. The following three sets of requirements are administered by Canada Revenue Agency:

Only corporations and some types of partnerships must register with Canada Revenue Agency.The partnerships required to register are those that have six or more members, or are tiered (have a member that is another partnership). When a new corporation is registered in Alberta, Corporate Registry will advise the taxation office, which will assign taxation number for your business and send you a request for information.

Note though, that a new corporation does not have to make any tax installment payments during its first year of business. Fees range from $200-$300. To register an incorporated business name across Canada, you need to incorporate your business federally. Federal incorporation still requires you to extra-provincially register in each province that you will be doing business.

However, no GST credits can be claimed for goods or physical assets sold prior to registration, nor for services or consumables purchased before registration. Adopting an amazing and unique culture, where buyers and sellers of all items are allowed to post their comments online, where credit-card payment facilities are secure and easy, the company projects a trustworthy and reliable image.