Choose Nearest City

  • Calgary
  • Ottawa
  • Edmonton
  • Regina
  • Halifax
  • Saskatoon
  • Hamilton
  • Toronto GTA
  • Kingston
  • Vancouver
  • Kitchener
  • Waterloo
  • London
  • Windsor
  • Montreal
  • Winnipeg
  • Outside of Canada

Choose your city (or nearest city)

  • Calgary
  • Montreal
  • Edmonton
  • Ottawa
  • Regina
  • Saskatoon
  • Halifax
  • Toronto GTA
  • Hamilton
  • Vancouver
  • Kingston
  • Waterloo
  • Kitchener
  • Windsor
  • London
  • Winnipeg
  • Outside of Canada
  • Events
  • Directory
  • AdvertiseAdvertise
  • PatronsPatrons

Enter your login credentials

Forgot username?

Forgot password?

Remember Me
Register
Facebook Login Google Login
loading
Please wait, logging in...

Register Details

Have an account? Login

Forgot Username

[Form forgot_username not found!]

Forgot Password

[Form forgot_password not found!]

How would you like to proceed?

LOG IN / SIGN UP allows you to:
  • Have a record of all events you've been to.
  • Request cancellation if you cannot make it to an event.
  • Post an event of your own.
  • Add your business/organization listing to the online directory.
  • Add an opportunity (job, volunteer, petition, survey, etc.).

Please login to continue

LOG IN / SIGN UP allows you to:
  • Have a record of all events you've been to.
  • Request cancellation if you cannot make it to an event.
  • Post an event of your own.
  • Add your business/organization listing to the online directory.
  • Add an opportunity (job, volunteer, petition, survey, etc.).
Muslim Link is Ottawa Muslims' Online Community Newspaper. The site includes an up-to-date Events Listing and Business and Community Directory for Ottawa Muslims.
x

We have detected that you are using an ad blocker. Muslim Link relies on revenue from these advertisements so please consider disabling the ad blocker for this domain.

  • Home
  • Events
    • Ottawa
    • Montreal
    • Toronto GTA
    • Edmonton
    • Calgary
    • Vancouver
    • London
    • Windsor
    • Hamilton
    • Halifax
    • Winnipeg
    • Kingston
    • Kitchener/Waterloo
    • Regina/Saskatoon
    • Event Table
  • Directory
    • Ottawa
    • Montreal
    • Toronto GTA
    • Edmonton
    • Calgary
    • Vancouver
    • London
    • Windsor
    • Hamilton
    • Halifax
    • Winnipeg
    • Kingston
    • Kitchener/Waterloo
    • Regina/Saskatoon
  • News
  • Stories
  • Islamic Finance
  • Classifieds
    • Opportunities
      • Volunteer Opportunities
      • Job Opportunities
      • Crowdfunding
      • Bazaar Vendors Wanted
      • Call for Donations
      • ​​Scholarships / Bursaries
      • ​​Petitions
      • Nominations
      • ​​Call for Participants
      • ​​Call for Submissions
      • Call for Abstracts
      • Grants
      • ​​Surveys
      • ​​Invitation to Dialogue
      • Sponsorships
      • Contests
    • Locations
      • Jumaa Locations
      • Full-Time Islamic Schools
      • Part-Time Islamic Schools
      • Hifz Programs
      • Iftar Locations
      • Taraweeh Prayers
      • I'tikaf Locations
      • Eid Prayers
      • Eid Festival Locations
      • Camp Locations
  • Opportunities
  • Locations
  • Home
  • Stories
  • Muslim Mompreneur: Registering Your Home-based Business (HBB)
Muslim Mompreneur: Registering Your Home-based Business (HBB)
19
Jan
2014

Muslim Mompreneur: Registering Your Home-based Business (HBB)

Written by  Mahwash Fatima
Published in Stories
  • Add to Facebook
  • Like this? Tweet it to your followers!

As Muslims, we are obliged to abide by the laws of the land and the country that we live in. Because there seems to be general misconceptions that the legalities of running a home based business (HBB) are complicated and unnecessary, this article will address some of those misconceptions and show how simple the legalities really are.

Business Structure

In Canada there are four types of business structures that are relevant to home-based businesses (HBB):

Sole proprietorship - Owned and operated by one person. That person is responsible for all debts and liabilities. Business income is reported on the owner's personal income tax form.

Partnership - Two or more owners of the business. All partners share investment, risk, and profits for a registered and legally binding business. Income is declared on each partner's individual income tax forms.

Corporation - The business is treated as a person and is incorporated provincially or federally. Owners become shareholders and profits are distributed in the form of payment to shareholders. Annual corporate tax returns must be filed by the corporation.

Business cooperative - This is a special form of a corporation where each member (shareholder) works as part of the business and has one vote in decision-making. The members might each produce different items that are then marketed collectively, or they may all contribute to delivering the same product or service. For an HBB that is a business cooperative, members work from their own homes, but may use one home or a rented location as the primary business site. Consult the Canada Cooperatives Act for the specific requirements that must be met to qualify as a Cooperative.  (Ottawa home based business guide)

Do I really need a business license?

You do not need to register your business if you are operating in your own name. For example, “Maham” or “Maham Khan” does not need to be registered. However, if you want to use “Maham's” or any variation on your legal name, you would have to get it registered.

You may be fined up to $2,000 for individuals (not corporations) for failure to register or for registering false or misleading information.

What's in a name?

By law, the name of your business cannot be the same as an existing corporate name or trade-mark.

You can easily find out if a business name has been registered with the Ontario government within the past five years by visiting www.services.gov.on.ca. The cost starts from $8 for the service.

How to register?

Registering a business is easy and can be done online via Service Ontario. Registration will give you a Master Business License.

It usually costs $60 to register your business name online, and the registration is valid for five years. Visit http://www.canadabusiness.ca/eng/program/2498/ to register your business name.

Other License and permits

With a few exceptions, the businesses that do require a special licence are usually not permitted as home-based businesses. Visit

http://www.bizpal.ca/en/ to search for licensee and permit requirements you may need.

Do I have to register for GST/HST?

If your new small business gross income is more than $30,000 you are legally obliged to register for GST/HST (some exceptions apply).

If your gross business income is less than $30,000, you are exempted from registering to GST/HST, but it may be a good idea to register because of “Input tax credits”. You may be able to claim all or part of GST /HST on all your business related purchases.

Maximize your tax savings.

Some people assume that by registering their home based business, they would have to pay more taxes. What they do not know is that some of their businesses expenses may qualify for deduction. For example if you use 30% of your house for conducting business activities on a regular and ongoing basis, you can claim 30% of your household expenses (utility bills, maintenance cost, house insurance, property taxes, and so forth) as business expenses on your tax return.

You may also use the Canada Revenue Agency form T2125 which contains a chart called “Calculation of business-use-of-home expenses”.

For more information please contact your nearest Small Business Enterprise Centre (SBECs). SBEC provides entrepreneurs with all the tools they need to start and grow their businesses. For more information on SBECs in the Ontario, visit

http://www.ontario.ca/business-and-economy/small-business-enterprise-centre-locations

M. Fatima has studied Business Administration in Pakistan and Canada and currently runs her own small business from home in Ottawa while raising her children. Check out Maham's Boutique http://www.mahamsboutique.com/

Muslim women business owners in Ottawa and the surrounding areas can contact Mahwash Fatima at This email address is being protected from spambots. You need JavaScript enabled to view it.  

This article was produced exclusively for Muslim Link and should not be copied without prior permission from the site. For permission, please write to info@muslimlink.ca.

Read 4744 times Last modified on Fri, 20 Jan 2017 23:57
Rate this item
  • 1
  • 2
  • 3
  • 4
  • 5
(0 votes)
Mahwash Fatima

Mahwash Fatima

Mahwash Fatima is a business graduate from the University of Ottawa, an eBay power seller and the owner of two online stores: The Makeup Store.ca and Maham's Boutique. She is also the co-founder of the Muslim Women's Business Network of Ottawa.

Latest from Mahwash Fatima

  • Al Nisa – Making Challenges Work for Your Business Al Nisa – Making Challenges Work for Your Business
  • Grand-Mompreneur: Entrepreneurship at 60 Grand-Mompreneur: Entrepreneurship at 60
  • Connecting Muslim Women Entrepreneurs Connecting Muslim Women Entrepreneurs
back to top
x

We have detected that you are using an ad blocker. Muslim Link relies on revenue from these advertisements so please consider disabling the ad blocker for this domain.

x

We have detected that you are using an ad blocker. Muslim Link relies on revenue from these advertisements so please consider disabling the ad blocker for this domain.

x

We have detected that you are using an ad blocker. Muslim Link relies on revenue from these advertisements so please consider disabling the ad blocker for this domain.

x

We have detected that you are using an ad blocker. Muslim Link relies on revenue from these advertisements so please consider disabling the ad blocker for this domain.

x

We have detected that you are using an ad blocker. Muslim Link relies on revenue from these advertisements so please consider disabling the ad blocker for this domain.

Ottawa Events
View More Events
Samawada Gala for East Africa
Thu, May 26, 2022 06:30pm EST/EDT
Fundraisers
Ottawa Muslim Association Teen Only Session Who's Allah & Understanding Purification in Islam
Sat, May 28, 2022 11:00am EST/EDT
Educational
Online Event
Being Me Muslim Empowered Girl Talk Monthly Session: Road Map for Success
Sun, May 29, 2022 01:00pm EST/EDT
Educational
Online Event
Canadian Muslim Vote Learn about the Conservative Party of Canada Leadership Race
Sun, May 29, 2022 05:00pm EST/EDT
Educational
Kanata Muslim Association Parenting Support Group
Wed, Jun 01, 2022 06:00pm EST/EDT
Educational

Featured Articles

  • Two Sets of Siblings Walk to Raise Funds for the Boys and Girls Club of Ottawa Two Sets of Siblings Walk to Raise Funds for the Boys and Girls Club of Ottawa
  • NCCM Welcomes News That The Federal Government Will Intervene In The Legal Challenge against Quebec’s Bill 21 If It Reaches the Supreme Court NCCM Welcomes News That The Federal Government Will Intervene In The Legal Challenge against Quebec’s Bill 21 If It Reaches the Supreme Court
  • The Canadian-Muslim Vote Launches First Muslim Vote Weekend The Canadian-Muslim Vote Launches First Muslim Vote Weekend

Twitter Posts

Check Out Muslim Link's Latest Snapshot!nhttps://t.co/LUWQls2zmdnhttps://t.co/QZpb8uQRmH https://t.co/XScGhAabBU...
1 month ago
Ottawa Muslim Women's Shelter That Opened During the Pandemic Fundraising This #Ramadannhttps://t.co/NuHD1ebKOD https://t.co/AQFhvJ2ZmM...
1 month ago
Gendered Islamophobia: Personal Reflections of Three Alberta Women ONLINE April 1nhttps://t.co/qGDS8IkN8zu2026 https://t.co/2BlMzImHL2...
2 months ago
Muslim Link

About us

  • About Muslim Link
    Our Team
    About Eye Media
    Contact Us
    Diversity & Inclusion Policy
  • Events & Directory Disclaimer
  • Project: A Muslim History of Ottawa

How To

  • Claim a directory listing
    Create a directory listing
    Post an event
    Sell Tickets
    Report a mistake

Event Listings

  •  - Ottawa
  •  - Toronto GTA
  •  - Montreal
  •  - Edmonton
  •  - Calgary
  •  - Vancouver
  •  - London
  •  - Windsor
  •  - Hamilton
  •  - Kitchener/Waterloo
  •  - Halifax
  •  - Winnipeg
  •  - Kingston
  •  - Regina/Saskatoon

Business & Community Directory

  •  - Ottawa
  •  - Toronto GTA
  •  - Montreal
  •  - Edmonton
  •  - Calgary
  •  - Vancouver
  •  - London
  •  - Windsor
  •  - Hamilton
  •  - Kitchener/Waterloo
  •  - Halifax
  •  - Winnipeg
  •  - Kingston
  •  - Regina/Saskatoon

Advertisers

  • Advertise Online
  • Become a Patron
  • Sponsorships
  • Join Snapshot e-Newsletter
  • Snapshot Publishing Dates

ML Team

  • Writers Workshops
  • Content Policy
  • Staff Payment System
  • Join the team

Social Media

Follow us on our pages!

Facebook Twitter Youtube LinkedIn Pinterest

Copyright © 2022 Muslim Link. All Rights Reserved. All articles, photos, graphics and images on this site remain the copyright of Muslim Link, unless otherwise noted, and should not be copied without prior permission. Designed by Eye Media Solutions
Top
Copyright © Muslim Link. All articles, photos, graphics and images on this site remain the copyright of Muslim Link, unless otherwise noted, and should not be copied without prior permission. 2022 All rights reserved. Custom Design by Youjoomla.com