Officially starting your own business requires quite a bit of paperwork and certifications. For all that – you need to cough up some fees. It’s the Canadian government’s very own way of ensuring that the business is legal, it provides safe and quality service and they get taxes.
The government fee system reminds me of the city train network. If you don’t know where you’re going, you won’t even get on a train, or you’ll get into the wrong train and waste your money.
So, be aware of all the fees you have to pay before you start a business in Edmonton.
Unless you’re starting the business from your garage, you’ll need a development permit. Whether you’re building a new site or renovating an old one – you need a development permit for your business.
A development permit will require Municipal Inspectors to take a look at the proposed place of business to ensure safety. It can cost anywhere from $811 to $2,000.
Next part is a business license. A business license largely depends on what kind of business you are running. Some license charges:
- A Bed and Breakfast and Farmer’s Market business will be charged at $220.
- Body Rub Centre? Then you’ll be charged $746.
- $2,192 is how much you’ll be charged for an adult theatre.
By and large, most businesses come under the $220 bracket. Since business licences require some bit of government consultation, you’ll have to pay $70 for that.
As part of the business licence, you’ll have to pay a non-residence fee which costs about $45.
Home Based Business
A home based business qualifies as any business that is conducted out of a residential premise. However, a home business cannot be qualified if it is a retail or a professional business (where you’re offering health, legal, financial or others such services).
If you’re wondering about the fees for a home based business, you will also need a development permit, business license, and a home based business fee of $50.
You’ll want to register your business with the government. For an incorporation, it starts at $500. This is according to the Companies Act and is managed by the Corporate Registry.
Service Based Fee
Additionally, you may be expected other service based fees – this depends on the business you’re running. Some examples are:
- Cost of a Vending Permit: $111 per month
- Cost of Rental Accommodation Business License for Congregate Living: $468 per month
- Cost of Vehicle for Hire Fees: Ranges between $55 and $930 per month.
So ensure that the City of Edmonton does not have any extra fees covering a particular service you’re offering.
Lastly, in case you’re wondering – online businesses do not have any separate fees.
Here’s how the overall fees will look like.
The above table is just an approximation. The total cost of your fee will vary depending on your business.