Understanding the CRA business number
Q: What is a CRA business number?
A: The CRA business number (BN) is a unique identifier issued by the Canada Revenue Agency (CRA) to businesses in Canada. It's used for various tax and program accounts, streamlining the process of dealing with the government.
Q: Why do I need a CRA business number for my SMB?
A: As an SMB owner, having a CRA business number is crucial for several reasons:
Tax filing: It's required for filing taxes and accessing government programs.
Program enrolment: Necessary for enrolling in various business-related programs such as GST/HST, payroll deductions, corporate income tax, and import/export activities.
Identification: It serves as your business’s identity in interactions with the CRA and other federal agencies.
Q: How do I get a CRA business number?
A: You can obtain a CRA Business Number by:
Online registration: Through the CRA’s Business Registration Online (BRO) service.
Phone registration: By calling the CRA Business enquiries line.
Mail or fax: By sending an application form to the CRA.
Q: Is there a fee to get a CRA business number?
A: No, registering for a CRA business number is free of charge.
Q: What information do I need to provide to get a CRA business number?
A: You'll need to provide:
Basic business information: Business name, address, and type of business.
Owner information: Names and social insurance numbers of the owners.
Business activity details: Nature of business and estimated annual revenues.
Q: How long does it take to get a CRA business number?
A: The time frame can vary:
Online or phone: Immediately or within a few business days.
Mail or fax: It may take longer, typically a few weeks.
Q: Can I use the same CRA business number if I own multiple businesses?
A: No, each business entity requires its own unique CRA business number.