Cross Border Tax Consultants

Planning to set up a business in Canada? Canada welcomes many entrepreneurs, but you can set up your business if your business plan is approved. A solid plan will help you immigrate to Canada as an entrepreneur under various governmental programs. You need to go through several steps before your application gets approved. For one, before writing a business plan, you may have to write a business concept and get it approved. Your business concept will be your initial draft of the business, and if it fits well with the Canadian market, you can get started with your business plan.   How to Immigrate to Canada as an Entrepreneur? Each province in Canada has its own guidelines to set up a business. Additionally, depending on your business type, you may choose either a provincial or federal setup. Go through the procedures carefully on the official website and see what is essential to include in your business plan. They have also laid out your business plan's details, so go through th...

As an entrepreneur, your business plan is what drives your business. Having a well-crafted business plan can help you nail your pitch deck. Writing a business plan is a daunting process, but it doesn't have to be when you do your research well. Your business plan will include your goals, summary, financial projections, and a lot more. So, if you're planning to go the entrepreneurial route, getting your business plan right should be your first step.     Importance of having a business plan You may find it unnecessary to write down a detailed plan when you can get experience and learn from your mistakes. But that's where it can all go wrong. Having an idea is excellent, but you need to strategically write down how to bring it into reality. Spend a little time, and you will not regret writing a plan. In fact, it may even speed up the process of creating a pitch deck when you're ready to get funding from investors. So, never think twice or procrastinate about writing a bu...

Incorporating your business in Canada involves a couple of steps, and if you're unsure how to go about it, here are some things you must keep in mind. The first thing you should do is decide if you need to incorporate your business or not. Not all companies need to be incorporated. A self proprietorship might be right for you if you’re just starting out. The next thing is to decide if you need to incorporate your business provincially or federally. Once this is done, you need to get a name for your corporation. To ensure other corporations do not take your business name, you need to research. Search on Google, social media handles, and domain names to ensure your business name is unique. You reserve that name. The next step after getting a name is to submit the documents of articles of incorporation and the record of the first board of directors and registered office address. You need to consult a lawyer or a chartered accountant to get this done for you. Incorporating provinci...