Businesses with a focus on exporting
or emerging sectors of the economy
may want to apply to the Business
Development Bank of Canada. The
BDC specializes in providing financial
and management services to small
and medium sized businesses.
Young entrepreneurs have further
options, such as the Canadian
Youth Business Foundation Program,
a national charitable not-for-profit
organization that provides start-up
financing up to $15,000, mentoring
and educational resources that
empower young Canadians 18-34 to
start and grow businesses.
When financing has been secured,
the last step before implementing
your business plan and opening for
business is to register your business
and obtain any necessary licenses.
You’ll need to consult all leve ls of
government: federal for such matters
as HST registration, payroll source
deductions and WSIB compliance;
provincial for business name
registration and employer health tax
considerations; and municipal for
zoning concerns, bylaws and business
licenses.
Seeing your kernel of an idea
through to the end can be a long,
arduous experience, but the rewards
speak for themselves. At your grand
opening you’ll have much to celebrate
– most of all, the beginning of a
journey like no other. n
VOLUME 1 - ISSUE 2 | yourBusiness Online
9