Hi all. I was hoping to get some advice on this issue or information directing me on how to find out more about it. I want to buy health food / snack products and send them to my home country to sell to earn some income. I am currently unemployed. It is very small scale and planning to send via a shipping barrel mixed with personal effects to my home country.
All the wholesale companies that provide these goods at wholesale prices in Toronto require a registered business number to access the cheaper prices.
If I register a business name what is required of me after? My value of goods is going to be very minimal, maybe 1000-2000 cdn of health food snacks.
If I register a business name would I have to file taxes separate for the business? Also is there any advantage of me being gst / hst registered since my sales would be very low?
If I need to seek professional advice on this who do I visit? And does it even make since to seek professional advice for such a small scale venture?
Thanks for reading. Hoping for some guidance. Thank you
All the wholesale companies that provide these goods at wholesale prices in Toronto require a registered business number to access the cheaper prices.
If I register a business name what is required of me after? My value of goods is going to be very minimal, maybe 1000-2000 cdn of health food snacks.
If I register a business name would I have to file taxes separate for the business? Also is there any advantage of me being gst / hst registered since my sales would be very low?
If I need to seek professional advice on this who do I visit? And does it even make since to seek professional advice for such a small scale venture?
Thanks for reading. Hoping for some guidance. Thank you
