Starting a business in Saskatchewan, Canada can be an exciting adventure. However, before getting started, it is important to understand and complete the proper registration process. Saskatchewan offers a thriving economic landscape that is ideal for new businesses. Although the thought of paperwork might seem daunting, the process is straightforward if you follow the right steps. Here’s a step-by-step guide to help you register your business in Saskatchewan.

Step 1: Choose Your Business Structure

It is important to decide on the type of business structure that best suits your enterprise before diving into paperwork. Your choice will have far-reaching implications for taxation, liability, and business operations. There are three options to choose from: Sole Proprietorship, Partnership, and Corporation. Each has its own advantages and regulations, so it is advisable to consult with a legal or business advisor to make an informed choice.

Step 2: Name Your Business

Next, you’ll need to come up with a business name. This step is more important than it might seem at first glance. Your business name should reflect your brand and be easily searchable by potential customers. In Saskatchewan, you must ensure your business name is unique and not too similar to any existing business names.

Sole Proprietorships and Partnerships:

If you decide on a Sole Proprietorship or Partnership and plan to operate under a name other than your own, you must register that business name with the Corporate Registry.

Corporations: If forming a Corporation, the name registration is part of the incorporation process.

Step 3: Business Name Reservation

Before you can register your business name, you need to reserve it. Saskatchewan’s Corporate Registry offers an online name reservation system where you can submit your proposed business name for approval. This process includes a name search to ensure your desired name doesn’t infringe on existing names. A reserved name is held for you for 90 days.

Step 4: Register Your Business

With your business name secured, you can proceed to register your business. Saskatchewan provides an online platform, the Corporate Registry, where you can complete most of the registration process.

For Sole Proprietorships and Partnerships: You’ll need to file a Business Registration Form. This process will establish your business legally in Saskatchewan and allow you to conduct business under your registered name.

For Corporations: The incorporation process is more complex and involves submitting articles of incorporation, bylaws, and information about directors and shareholders. It’s advisable to seek legal advice or consult with a professional to ensure all documents are correctly prepared and submitted.

Step 5: Obtain Permits and Licenses

Depending on the nature of your business, you may require additional permits and licenses. These can range from local business licenses, specific to the city or town where you operate, to specialized permits for certain industries. The BizPaL online portal is a useful tool for identifying which permits and licenses you may need.

Step 6: Register for the GST/HST

If your business will earn more than $30,000 annually, you must register for the Goods and Services Tax (GST) or Harmonized Sales Tax (HST). This can be done through the Canada Revenue Agency (CRA) either online or by mail.

Step 7: Understand Provincial Taxation Obligations

Lastly, familiarize yourself with Saskatchewan-specific business taxes. Depending on your business structure and type, you may have obligations related to the Provincial Sales Tax (PST) or Corporate Income Tax. The Saskatchewan government website provides resources to help you understand and comply with these tax rules.

Starting your business in Saskatchewan is an exciting venture with many steps to consider. Following these outlined procedures ensures that your business is set up legally and properly from the get-go. Don’t hesitate to seek professional advice when needed, and take advantage of the resources available to new business owners in the province. Good luck on your entrepreneurial journey in Saskatchewan!