FAQ & Resources

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Frequently Asked Questions

Starting and running a business can be challenging. Having a resource that’s here to help you can make all the difference. Lean on us for answers and resources. Our goal is to help you succeed.

Steps to Starting a Business

This BDC article discusses some of the key aptitudes and motivators it takes to be an entrepreneur and provides an Entrepreneurial Assessment Tool.

Your business plan is an essential tool. Not only will you need it to secure finances but it outlines your goals and how you plan to achieve them. There are a number of online templates to get you started. We can help you through your planning to help identify any gaps. You can find the links to business plan templates below in the resources section. You can learn more here.

It’s important to choose the business structure that best suits your needs. Read more about the four types of business structures in Ontario here.

In Ontario you are required to register your business name. You are exempt from this requirement if you use your own name for the business. If you add another word in addition to your name, then you’ll have to register your name. For example if your business name was “John Smith Consulting Services”, you must register the name. Your business name should reflect the product or service you sell and should be distinct from your competition. Learn more here.

There are steps you need to take to do this. You can find them here.

Your business number is your single account number for dealing with the federal government for taxes, payroll and import/export. If you plan on hiring employees, or import/export products or services, then you must register.

If you sell goods and services in Ontario, you may need a business number to charge, collect and remit Harmonized Sales Tax (HST). If the business makes less than $30,000 in any 12-month period, it is not required to register for HST. The business may register voluntarily and claim the input tax credits. For example, during the start-up phase, a business may pay more in HST for goods and services purchased than it collects and it will receive a tax credit. Check out this tax guide for more information.

Your business may need a license or permit from the federal, provincial or municipal level of government. You can use BizPaL to find licences and regulations that may affect your business. You can also call 1-888-576-4444.

Regulations vary depending on the type of business you are running. To learn specific regulation in your business sector you can go here.

The Kingston Frontenac Lennox and Addington Health Unit has a Food Premises and a Food Safety publication as well as other information regarding food premises. You can learn more here.

There are specific obligations that you need to be aware of when hiring. Here is a great starting point.

Resources

Sole-proprietorship, Partnership, Corporation or Co-operative:

Business Structure Information 

Sources of Financing & Funding:

Agricultural Adaptation Council – administers government funding to help you build your agribusiness ideas.
Business Development Bank of Canada – is a financial institution owned by the Government of Canada that offers business loans and consulting services to help Canadian business grow.
Futurpreneur Canada – is a national, non-profit organization that provides financing, mentoring and support tools to aspiring business owners aged 18-39.
Ontario Trillium Foundation – is an agency of the Government of Ontario, and Canada’s largest granting foundation. Over $110 million is awarded annually to some 1,000 non-profit and charitable organizations across the province.
The Community Foundation for Kingston and Area – is an independent, volunteer-driven, charitable organization that aims to strengthen its community by facilitating philanthropy.  They also offer a loan program.

Southeastern Ontario Angel Network – is a network of high net-worth individuals whose purpose is to mobilize private investment into primarily high-risk Eastern Ontario entrepreneurs. KNLD is their community investment platform designed to facilitate investment in a variety of sectors.

Other Helpful Organizations:

KFL&A Community Data Base – is a fabulous resource to search for organizations, associations and services in the region.
Frontenac Arch Biosphere – as designated by UNESCO, offers a suite of program.

Launch Lab – is a one-stop shop for technology based start-ups and growing companies helping you find the resources you need to grow your business.

Ontario East Economic Development Commission – promotes Eastern Ontario as a centre for investment.
Ontario Highlands – is one of the Province’s 13 regional tourism organizations created to attract more visitors, generate more economic activity, and create more jobs across the province.
RTO 9 – is one of the Province’s 13 regional tourism organizations created to attract more visitors, generate more economic activity, and create more jobs across the province.

Wintergreen Studios – is a year-round educations and retreat centre in the Frontenac Arch Biosphere.

Ontario Small Business Centres have come together to create a central portal to support you to start, grow or reimagine a business.

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