I am thinking of starting a renovations business in a completely and was just wondering if you could provide me with some feed back on what type of licenses and certificates I need, from my understanding the only thing I cant do is electrical, plumbing, hvac and gas which I need licensing. However I am ok for general things like drywall, insulation, flooring, painting, framing etc. Is this correct?
Any help would be greatly appreciated.
That's it business license and general liability? Also I have talked to wsib and as long as I am doing strictly residential renovation I will be exempt until I get employees one day but just be I will be exempt.
Is that mandatory in Ontario because I have not found anything relating to that.
You will need:
2.Maybe a operation name(name u use everyday)
3.Business reg number
5.Insurance 1mill and up
7.GST and Pst account even when u not charge pst.
Construction company is comsumer but need to register a pst account anyway.
Good luck in the future.
WCIB is Optional Only if you are a Sole Propriitor . As soon as you hire someone than you must pay
WCIB. Liability Insurance is not required in Ontario either but in my 30 years as a sole proprietor I've always had at least 2 mil. coverage a must in my opinion. Any and all other trades I hire for big jobs ( Plumbers, Electricians , Gas fitters etc.) are all under contract as Independent Operators and have all there own coverage as required. Once you have applied for and received your HST #, this is considered your business #.
Search the TrustedPros directory and discover the best contractors in your area.Find your home service pro