CRA Account Registrations

You may write major one or two activities. If you add more activities later, that is fine. This information will be updated every year when you do your annual returns.

Notice of assessment show the current address and name in the CRA records which is required for GST/HST/PST registrations.

An ID is required to register for PST number

Your CRA profile is connected with your SIN number. Your business is connected with you. Therefore, to register any CRA accounts, SIN number is mandatory. We treat your SIN number with strict confidentially and in compliance with the privacy act.

To register CRA accounts, we will provide these information to CRA. If these information match only then CRA allows to register. If postal code is wrong, after 3 trials, CRA lock your file and they need further authentication with you to unlock the profile. Therefore, it's very important that you provide the correct postal that is associated with your CRA profile. If you doubt that it could be different postal code in CRA profile, please write also alternative postal codes that you think could be with CRA.

Most people choose annually. As long as your revenue $0 to $1,5000,000 you can choose annually. If revenue is between $1,5000,000 to $6,000,000 can be quarterly. If revenue higher than $6,000,000, must be monthly.

Because this is your first year, you may not know the exact amount. But this is for initial set up only, you may give at your best guess.

Most people choose 31st December. The year will be the current year. You can choose any date as you want.

Yes, definitely can. This is just an initial set up, these answers will be updated at the end of the year when you do your annual returns.

This is the biggest question. There are advantages and disadvantages for either of this choice. Most people make balance between these two. They take some amount in salary and some amount in dividends. For just initial set up, you can make a choice and you can always change this answer when you make a firm decision after consulting with an accountant. If you need accounting advice, you may consult any accounting firm or our on-site chartered accountant by additional fees of $99.

Well, this is a question of your accounting plan. Setting up a higher salary has some disadvantages and advantages too. For initial account set up, you may choose any amount as of best guess. You can change this information any time when you consult your accountant. If you need accounting advice, you may consult any accounting firm or our onsite chartered accountant by additional fees of $99.

If you are uncertain, that's fine. Just answer as of your current situation. As of now are you planning to have an employee other than yourself? You can always update this answer with CRA.

Export or import applies to any PHYSICAL products or items that will cross the border of Canada; either will come from outside to Canada or will go from Canada to outside. SERVICE is NOT included in export or import. If you are in Canada and taking service over the phone or internet from overseas, that's not an import.

Well, if you do any import or export of goods or items, it will cross the border of Canada and you are going need customs clearance. Declaring it with CRA is the first step of this process.

If you don't know exactly, then put the value at your best guess. This information is to create an account only. It can be changed later when you are very sure of the amount.