How To Get Import License In Canada
Canada is a country that many foreigners are working there some of them are business man. Doing business in Canada is of great profit because as we know that its a rich country so many people are able to buy expensive goods and electronics. To start a business one has to do proper planning and follow some steps because planning is the base of successful business.So if you wish to start a business in Canada you should consider the following steps:
Steps to start import and export business on Canada
Here are some steps that you should follow to start a business in Canada so let’s go through it:
1- Planning a business:- The first step is to do planning for your business because without planning you business will be totally failed thats why we suggest first assess your readiness , choose a business structure and plan for it.
2- Choose a business name:- The second and interesting step is to choose a business name that is not used or registered by any one else. That is you can’t choose the name of other business so take Care while choosing a business name.
3- Registration of business:- To start a business you have to register it with the government otherwise your business will be sealed by the government and you will get a lot of loss that you can not bear. You also have to apply for a business number and tax account.
4- Application for import export license:- One should also keep in mind that you can not directly start a business in Canada fort you have to get a business permit that should be approved from the Canadian government other wise your business can be seized by the government if you were caught doing Amy business with out business permit.
5- Getting business support and finance:- Then you should consult with best business programs to provide you full business support these are many services working to guide you about starting a business this support includes including financing for immigrant and Indigenous entrepreneurs.
6- Tax free help for business:- After that should also fix an appointment with liaison officer who will guide you about book keeping best practices, and deductions.
Import in Canada
Import means that if one is trying to get some good inside Canada or any other country for business. If you are planning to import some goods then you have to undergo through a process to get import license to legally do import export in Canada.After the setup of your business you have to follow the procedure mention in this article that will guide you how to import and how to get import license in Canada for successful business.
Requirements of import in Canada
Here are some requirements which are to be completed in order to do import in Canada let’s have a look at this:
• Business number:- One should get a business number that is unique for every person this can be get by the Canada revenue agency one has to be registered with Canada revenue agency before importing goods into Canada for business or sale.
If in case you are having a business number already then you have to confirm from the Canada revenue agency that it is appropriate for import or not.
Contact of CRA:
1-800-959-5525
• Harmonized Description and Coding System (HS):
Their is another number needed that is HS number that will identify your products this number contain international six digit roots with more 6 digits that is unique for different products. The function of HS number is to let the officials know that which taxes they should apply on different products entering their country.
So before completing many imports of many products one needs to know about his HS number.
• Import permit or license in Canada:
One should also consider the import permit that will depend upon the types of goods and the country from where you are importing products into Canada. For instance you can look at the textiles, food and steel usually needs an import permit to be imported.
Requirements of import permit
There are some requirements to get an import permit let’s have a look that you have to complete this document while applying for an import permit.
1- EIPA file number is must that the applicant must have this file number for application. To obtain the EIPA file number the applicant must fill an application form for import export permit file number and provide the following information:
- • the applicant’s name
- • title
- • firm name
- • address
- • postal code
- • telephone number
- • facsimile number and business number issued by Canada Revenue Agency (CRA).
After all these submission you have to send the form by facsimile at 613-992-9397. This step is required only once.
2- After the first step the applicant then is required to fill out the application for import export license or permit by providing the following data:
- • EIPA file number is required.
- • the name of the importer should be mentioned.
- • the name and address of the broker must be provided for complete details.
- • the supplier’s name for confirmation.
- • the country of origin of the product.
- • the country the product is being imported from.
- • the Canadian port of entry where you can receive these products.
- • the shipment date
- • the proposed entry date and the product code
- • the quantity and value in Canadian dollars.
It is to be noted that one can import up to 3 different products on a single form in one shipment.
3- One should also keep in mind that you also have to pay some fee that is from the Canadian government on each import and additional charges may be applied by the brokers that is of their choice.
4- One shipment need a separate permit for it that for the second shipment you have to apply for another import permit.
5- It is also an important point to be kept in mind that the import permit issued for a shipment is valid for 30 days that is started 5 fays prior to the date of importing the products and 24 days after it because it is expected that the delivery will be received in this quota period. Any delay in the delivery can cause difficult then you have to issue a another new import permit in that condition.
Regulations:
Business in Canada is run by following some rules and regulations that is you will be required to get some permits and license in order to legally do a business in Canada. These licenses may be approved from the federal, provincial and municipal levels of government. One can also use BizPal to get licenses and regulations needed for your business.It Filter permits based on your location, industry, and business activities and save the ones that apply to your situation.
Advance Commercial Information (ACI):
When you are planning to get an import shipment into Canada then you have to give some important information about the details of cargo that you are going to import its important for confirmation and verification of your products being imported.
Food import licenses:
If you are going to import some food items then you also have to make a separate food import license for that one can also contact the Canadian food ispection agency for more details that which food items are allowed to be imported and which are not allowed.
Contact CFIA – National Import Service Centre:
1-800-835-4486
Food labelling:
There are also some requirements about the food labelling that the imported food should be properly labelled with all the ingredients list used for that product.
Customer products:
The products that are to be sold to the customers in Canada must be labelled the labels must be written in English and French and it should contain the following information:
- • Identity of products that its title
- • Net quantity of the product when packed.
- • Dealers name and place of business
Customs:
One should also get ready to pay the custom fee for their products because the products to ne imported must go through the custom and it can not be passed to you until you pay all the custom fee.
Advantages of doing business in Canada:
One should think that why use Canada for business then here we can describe some positive points of doing business in Canada that can not be any where else so let’s go through it:
• Stable economy:
As all of us know that Canada has a stable economy that it can support any type if business. It has a safe , sound and rapidly boosting economy which attracts it passenger toward it making it a business hub for many foreigners. In a boosting economic condition the workers can get increasing wages, prices of goods and services don’t fluctuate citizen and employers are benefited alikely from this stability of economy.
One can also observe that the economies of every country was affected from the covid 19 as this was a serious pendamic that ruined many lives and businesses but Canada is a country that recovered its economy very quickly and is again on its peak. Inflation is relatively very low and Canadian dollars are a great currency type among the world. So with relatively low prices every citizen is able to buy goods other wise one can get a great profit in doing business.
• Reduced taxes:
Another reason to do business is that Canada does not apply many extra taxes that is really injurious to the business because most of the profit is taken away due to taxes that’s why doing business in tax free environment may be useful and beneficial. As compare to other states of united states Canada has relatively low taxes due to which Canada is a great business hub for the locals as well as foreigners.
• Social connection :
One can also note that US is good in social connection it is connected to many parts of the world geographically and is easily accessed by many people so doing business here may be of great profit.
• Great place to reside:
Its obvious that Canada is a great place to live because here one can find each facility of life weather it is quality education, world class healthcare or high class lifestyle. Canada is a country that where every one can live a prosperous life that people can succeed , families can spend a happy life , industries can grow rapidly. Residents have a great opportunity of employment that one can choose a job according to his abilities.
One can witness that many Canadians are self employed that they are running their small businesses working as freelancers, musicians, and artists. One can enjoy freedom in Canada freedom is the right to every citizen.
• Peaceful environment:
The environment of Canada is really peaceful and the citizen if Canada are hardworking and ambitious to their work they are really proud of their peaceful environment. Due to this fact Canada is attractive for business seekers to work in a peaceful environment.
• Equality and multicultural:
One should also choose Canada for doing business because Canada is one of few countries that treat all the citizen and the foreigners equally its also accepts multi cultures as it has people from different cultures so due to the fact if equality one is attracted to do business in the safe and sound environment.
So it is concluded that if you are planning to establish your business in Canada then its s right choice because Canada is special due to its graphical location and as well as it is admired for skilled workers, natural resources like oil, gas, and timber and easy access to the US market are some of the factors that inspire foreign businessmen to select Canada to immigrate.
If you are planning to do import business in Canada then you should go through this article to know about its requirements and rules that you have to follow to avoid any difficulty or penalties. Wishing you a good luck for you business may God give you success in your import business. If you properly plane for your business and complete all the requirements then I think you will not be failed because Canada is a very coperative country and promotes the new skills who want to do some thing new and innovative. As it has a boosting economy then any type of business can easily be succeeded in Canada.
