Trade name /Master business license
Trade name /Master business license
Ontario Trade Name/Master business license
Master business License is often used for personal business names or corporate business names. Most of them are suitable for shops, online stores and a company operating in multiple industries. After obtaining the MBL, it is recommended that the holder update the information with the bank and tax bureau. Please fill in your accurate information in the subsequent form according to the actual situation.
This website will guide you step by step in filling out the form. Once you fill it out and pay, it will be reviewed and registered with the government. We can register/renew your business as soon as possible, within 2 business hours.
This license is valid for 5 years, please pay attention to update it.
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FAQ
Q: What is a Trade Name?
A: Officially known as Business Name Registration / Operating Name Registration, or also called Trade Name (DBA) or Municipal Business Licence (MBL), it is the "commercial abbreviation" that you, as a sole proprietor, use for external marketing, invoicing, and opening bank accounts. It does not change your legal name or corporate legal name.
Q: What other CRA accounts can be opened synchronously after registering a BN?
A: You can also register for GST/HST, Payroll Deductions, Corporation Income Tax (if applicable), Import/Export, Underused Housing Tax, and other program accounts, saving time from multiple logins.
Q: Is a NUANS report required for a Trade Name?
A: Only federal entities are required to submit a NUANS report upon incorporation; as a sole proprietor, registering a Trade Name usually does not require a NUANS report.
Q: How quickly can I start using it after registration?
A: Online review by provincial/territorial registration authorities is usually instant or takes 1–2 business days. Simultaneous registration of BN and accounts can also take effect immediately after submission.
Q: What should I pay attention to after registration?
A: Please retain the registration receipt, email confirmation, and BN number. If there are changes to the business address or ownership structure, updates and annual reviews must be completed within the stipulated timeframe.
Q: Is a master business license the same as company registration?
No, they are not the same. A master business license/business name registration is different from company registration.
A sole proprietorship registered under a business name does not constitute a separate legal entity. The owner and the business are typically the same legal entity.
An incorporated company, on the other hand, is a separate legal entity. If the company wishes to operate under different brands, it can also register multiple other operating names or trade names.
Q: How long is a business license valid in Ontario?
A business name registration/business license in Ontario is typically valid for 5 years.
It is not permanently valid. If the business wishes to continue using the registered name, it should be renewed before or as soon as possible after the expiry date.