Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Do I have to register as a business if I participate in the FIT or microFIT Programs?

April 26, 2017Business fit microfit participate Programs REGISTER

0

Posted

Do I have to register as a business if I participate in the FIT or microFIT Programs?

1 Answer

0

Posted

By participating in the FIT and/or microFIT Programs you are entering into a business relationship with the OPA and will be receiving business income. We strongly advise all interested parties to consult the Canada Revenue Agency (CRA) and the Ontario Ministry of Economic Development and Trade to understand the rules about reporting business income and business registration. Please visit www.cra-arc.gc.ca/tx/bsnss/tpcs/gst-tps/menu-eng.html or call 1-800-959-5525 for information on GST registration and collection and www.ontario.ca/en/services_for_business/index.htm for information on business registration in Ontario.