Busines License

How to Get a Master Business License in Ontario

Do you want to launch your own company in Canada? Do you have a wild business idea? In that case, you should apply for a master's business license.

Do you want to launch your own company but want it to be launched as practically and efficiently as possible? You keep hearing that to start a business, you must get a Master's Business License. Only residents of Ontario who desire to launch a business can get this licence, which is also known as an Ontario Business Registration.

Any company you see on television, billboards, online, or in newspaper advertising must first apply for this license in Ontario. Owners of businesses can lawfully use a certain business name and take advantage of additional freedoms with the help of a master business license. A sole proprietorship, general partnership, or trade name may all be registered under the Business Names Act with the assistance of a master business license.

What is a master business license?

A master's business license is a record that includes your personal information like your company's name, address, business number, and a summary of its operations. It also includes your company’s kinds like sole trader, sole proprietorship, partnership, limited liability, and tradename. 

What are the eligibility criteria for master’s business license registration? 

The eligibility criteria for a master’s business license are pretty simple and uncomplicated. If you are 18 or over, you can set up your own business with a master’s business license. It does not require any type of citizenship or permanent residency documentation. 

To conduct some commercial operations, such as those related to medicine, agriculture, or technology, you might additionally require a license from an appropriate state or federal agency. 

What type of business structure requires a master's business license?

You all need a business license to establish your business and enjoy further benefits. There are three types of business structures on which a Master Business License can be registered:

Sole proprietorship: 

If no documentation is filed to form any other type of business structure and that business is owned by one individual, it is regarded as a sole proprietorship. On a sole proprietorship, the debt and responsibility of a sole trader are entirely their responsibility, and on their tax returns, business revenue is reported as self-employment income. You can also use dba like the dba affordable care system if you are the lone owner because your name is the legal name of your company.


In terms of tax, partnerships and sole traders do have many similarities. Partners share responsibility for liability, and they do not segregate their assets from the company’s assets. Furthermore, partnerships do have dba in addition to using the last names of their participants as their formal company name. 

Trade Name

In trade name, the only existent corporation that has been formed or purchased is eligible for trade name registration in Ontario. In this scenario, they would already have a business Ontario company number. 

Another task you can do is have a creative and diverse brand for registering a trading name in Ontario. Your company might use another corporate trade name. Then you will have freedom to manage other company names under the main corporate brand.

Registration Methods Online 

Electronic registration is one of the easiest and most convenient methods of registration. To start a business with a master business plan, you need to have certain personal verified documents to start a business online. Moreover, online registration is open 24 hours a day, seven days a week. You can make payments using credit cards. 

Office centre 

The office centre is the typical way of registering for a master’s business license. You can find many consultations that will help you with the documentation and the whole license process. You can register from Monday to Friday, 8:30 am to 4:00 pm.


In-person registration is another method of registration. You can go to the nearest Service Ontario office with your documents to get help with registration. The process is straightforward and uncomplicated. 


Last but not least, you can also register for a master’s business through the mail. Fill out all your necessary documents and folders and mail them to the service Ontario counter or ministry of government service for further processing. Registration through the mail is a little expensive as you have to pay around $80.00 and it takes 4-6 weeks to process. 

Benefits of getting a master's business license 

  • 5 years of registration 
  • Able to brand and advertise business 
  • Can easily open a bank account, tax account, and more 
  • Can apply for grants 
  • Can buy products at a wholesale or discounted price 


A master’s business license is helpful for someone who wants to start their own business. In this blog, we have learned about what a master’s business license is, the eligibility criteria for a master's business license, and what type of business structure requires a master’s business license. Furthermore, we have also discussed the methods for registering for a master’s business license and the benefits of getting this license.

Starting your own business is one of the most thrilling and stressful situations. You can apply for a master’s business license as it adds further benefits that you can enjoy as an entrepreneur.

Written By:
Salman Rundhawa
Salman Rundhawa is the founder of Filing Taxes. Salman provides valuable tax planning, accounting, and income tax preparation services in Toronto, Mississauga, Oakville, and Hamilton.

Leave a Reply

Your email address will not be published. Required fields are marked *

April 14, 2024
Exposing Real Estate Taxation: A Comprehensive Guide to Selling Property in Canada.

Selling real estate in Canada is not only about finding a buyer and getting the transaction done rather it is a more complex process. To avoid potential traps and enhance financial gains it is utmost important that tricky tax effects are clearly understood.  It is essential that the tax landscape and its intricacies are well […]

Read More
April 12, 2024
Why Your Franchise Business Needs Franchise Accounting Services in Canada

Franchising provides a unique opportunity to successful business owners and burgeoning entrepreneurs alike. Franchise businesses in Canada, like in any other country, require specialized accounting services due to the unique nature of their operations. Accounting is a crucial part of any business, but accounting for franchise businesses is a different endeavor. Keeping good records and meeting franchise standards […]

Read More
March 11, 2024
Empowering Entrepreneurs in Toronto: Illuminating Financial Paths for a Promising Tomorrow.

Revealing Financial Mastery: A Roadmap for Toronto Entrepreneurs In the bustling heart of Canada, Toronto stands as a beacon of opportunity for businesses. Here, new companies and small ventures dot the landscape, each striving for success in its own way. But navigating the financial terrain isn't a walk in the park. It takes more than […]

Read More
1 2 3 62
Contact Form Demo

This will close in 0 seconds

phone-handsetchevron-down Call Now linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram