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How to Start a Business in Quebec: Complete Guide

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A comprehensive step-by-step guide to incorporating and launching your business in Quebec, covering legal structure, registration, tax accounts, and ongoing compliance requirements.

🏢 1. Choose the Legal Structure

The main types of businesses in Quebec are:

Sole Proprietorship

Simple, but unlimited personal liability.

Partnership

General or Limited: shared ownership and responsibility.

Corporation

Incorporated company: offers liability protection and tax optimization.

👉 Recommended for serious entrepreneurs: Incorporate a company (corporation).

🧾 2. Choose the Company Name

You have two options:

Numbered Company

e.g., 12345678 Québec inc. or Canada inc.

Named Company

e.g., Montreal Accounting.

If you choose a specific name, you must:

🧱 3. Draft the Articles of Incorporation

This document defines:

Company Name

The official legal name of your corporation

Registered Office

The registered office address

Share Structure

The number and types of shares

Directors

The directors of the corporation

Activity Restrictions

Any restrictions on activities

➡️ This document legally creates your corporation.

🧩 4. File the Incorporation

You can choose between provincial or federal incorporation:

A. Provincial Incorporation (Quebec)

B. Federal Incorporation (Canada)

  • File online with Corporations Canada

  • Fee: around $200 CAD

  • You must then register your corporation in Quebec (extra $367) before doing business here.

💼 5. Prepare Internal Company Documents

Even if not mandatory, these are highly recommended:

Shareholders' Agreement

(if more than one owner)

Board Resolutions

Share Register and Minute Book

Corporate Bylaws

💡 This is where MTLAF can assist in structuring your legal and fiscal documents properly.

💰 6. Register for Tax Accounts

Quebec Enterprise Number (NEQ)

You'll automatically get this when incorporating.

Business Number (BN)

Obtain from the CRA for GST/HST, QST, payroll, corporate taxes, and import/export.

Register with:

  • Revenu Québec

  • Canada Revenue Agency (CRA)

  • CNESST (for worker protection)

  • DAS / Payroll deductions

Obtain a Business Number (BN) from the CRA for:

  • GST/HST and QST

  • Payroll (if you have employees)

  • Corporate income taxes

  • Import/export (if applicable)

🏦 7. Open a Business Bank Account

Required documents:

Certificate of Incorporation

Bank Resolution

(signed by directors)

NEQ / BN Numbers

IDs of Shareholders and Directors

💡 Each financial institution has its own verification process — most will ask for your incorporation papers and shareholder list.

📚 8. Set Up Your Accounting System

Choose your accounting software

QuickBooks Online, Sage, Xero, Zoho Books, etc.

Set your fiscal year-end

Create a chart of accounts

Configure tax codes and payroll settings

Implement AI automation

(OCR, bank feeds, transaction categorization)

➡️ JKB Services can handle full setup and optimization to ensure accurate bookkeeping and tax efficiency.

🧠 9. Maintain Annual Compliance

Every year, you must:

Annual Update Report

File with the REQ

Corporate Tax Returns

File T2 federal + CO-17 provincial

Minute Book Updates

Keep your minute book and registers up to date

🧾 10. (Optional) – Protection and Growth

  • Register your trademark (with the Canadian Intellectual Property Office)

  • Obtain any industry-specific permits or licenses (construction, food, crypto, etc.)

  • Create a business plan and tax structure to attract investors or expand internationally

 
 
 
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