How to Start an Online Business in Canada – What to Know, What to Avoid

How to Start an Online Business in Canada – What to Know, What to Avoid

First of all, why am I writing an article specifically about how to start an online business in Canada? Because I live in Canada and it just happens to be where I built my online success. Yes, being successful online is rapidly becoming more and more possible. But it’s important to know what you need, what you need to know, and particularly what you should avoid.

Your Product/Service

From the start you should decide if you want to create your own product, offer a service, or market someone elses product(s). The nice part about the internet is that you have choice.

Hosting

Finding a web host is very easy, they’re everywhere. However, finding a good web host is something else. When you’re thinking about how to start an online business in Canada, it’s important to remember that Google Canada shows up a lot of websites with the word “Canada” in their name. I know from experience that these are not always the best options. Do your research and try to get a package with a good amount of bandwidth (over 7.5GB) and storage (over 2GB). Often success online comes in little steps at first and then giant leaps later on, have a package that offers unlimited Addon Domains so that you can create as many web sites as necessary.

Multiple Websites

Depending on what you are trying to sell or how you intend to make money online, having multiple websites (with carefully chosen keywords and content) that link to one another can be a handy tool for bringing in traffic. For affiliate marketers, having unlimited Addon domains means unlimited landing pages and unlimited products.

Keywords

One particular phrase you will run across a lot is “SEO”. SEO stands for Search Engine Optimization and it is exactly that; the process of optimizing your website to target specific keywords and show up higher in search engine results. This is an important aspect to success online, targeting keywords with too much competition will get you nowhere and targeting keywords with too little traffic will do the same. You can research keywords, how many searches they get, and how much ad competition each of them has with Google Adwords Keyword Tool.

Pay particular attention to getting your keywords into your websites content in plain text, header 1 – 3, and in bold. Keyword saturation is another point to keep in mind; the point where a search engine decides that you have included the keyword in your website too many times and have no real relevant content. When I was first trying to figure out how to start an online business in Canada I spent a good deal of time researching keywords that had to do with my city, province, or even Canada. (Example Rather than target “learn guitar”, I targeted “learn guitar Ottawa” which yielded fewer hits but more genuine interest).

Domain Name

Getting a good domain name is important. With your new knowledge of keyword research, do a domain registration search (your web host should have one) and see if there are domains available with your main keyword (or secondary keywords). If so, you’re golden. Buy it.

Setting up a website

Most people looking to start an online business are not fluent with HTML, CSS, or other coding languages that are required to design a website from scratch. For this reason, it is important to have a host that has 1-button installations for Web Applications like WordPress, Joomla, Ruby, or others. My personal preference is WordPress. If your host has Fantastico, you should be fine. These Applications will install a base website framework for you. From there you can log in, change your settings, write content, and reply to comments. Most of them come with free “themes”, though you can purchase a theme from a third party website or learn to design your own (it’s not that hard if you know how).

Know-How

When I first started trying to figure out how to start an online business in Canada I spent the little money I had on ebooks and tutorials that I found on the internet. I ran across a lot of programs that offered to make me rich quick or “Show me the secret” but most of them offered little actual information and I was left with less money and no new knowledge. Do not fall into this trap. Don’t fall for the single page website that offers to teach you how they made millions online. True, you may learn something valuable, but you’ll waste a good deal of money in the meantime.

If at all possible, find a website that offers a large database of information (covering all aspects of online business). Making money online is a game of skill. The more skill you have, the more you understand, the more money you can make online. Find a program that teaches you everything from the technical end (CPanel, WordPress, FTP, Email Setup, etc) to the Marketing end (SEO, Affiliate sales, PPC, article marketing, etc). Try to get the best value for your dollar that you can; you need those dollars for your business.

Understanding Canada

One thing that you will find is that Canadian internet business have vastly different resources available to them than U.S. businesses. For example, having Electronics and some other choice items shipped to Canada by Amazon is not possible. You’ll have to keep these things in mind. Look around to see if major Canadian outlets have a reseller or affiliate program if you’re looking for specific items. Remember that Canada has a different mentality that our neighbor to the south and your business should take that into account. Also, be sure to get down to the local registry and register your home business. It’s not expensive and can benefit you a great deal later on.

Getting Help

Probably one of the most important things to remember is that it is okay to ask for help while you try to figure out how to start an online business in Canada. You should participate in online business forums, facebook groups, and even find some groups of like interest on sites like meetup(com). Doing this allows you to learn from other peoples mistakes and triumphs. You would be surprised how many problems you can avoid by listening to others. Participating in your local Chamber of Commerce meetings and events would be a good idea as well.

Where do you start?

First things first. Decide what you want to do, what you want to sell, and who you want to sell it to. Find a good domain name and a quality host. Find as large of am information library as you can on the subject of Internet Marketing or Online Business (try to save your money on this one, it can be expensive). Install WordPress/Joomla/etc and start entering your content, images, and videos onto the website. After that it’s just a matter of tweaking your design and finding the right places to be online. Particularly in Canada, putting advertisements in the local newspapers and taking advantage of the “flyer force” can be particularly beneficial. Take little steps and do not get impatient. Keep going forward and you will succeed.

Conclusion

I wish I could tell you more about how to start an online business in Canada but this article is getting very long. There are infinite possibilities online and you need to do your research to find the one that is right for you. Find a host, a domain, and as much information as you can (without spending too much)..

Good luck! I know you can do it…I did. Just keep going.

Because I know how hard it is to find a large amount of necessary information all in one place, I designed one for you. A complete package; you get 1 year of hosting, a free domain name, 26+ Hours of Video Tutorials, Study Courses, and ebooks. I’ve made sure that it has everything you need to succeed. Visit ICanHost.ca and push the big green “Succeed” Button.


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Tax for Online Business Canada – Accountant Mississauga Oakville Toronto

Tax for Online Business Canada – Accountant Mississauga Oakville Toronto

Tax for Online Business Canada – Accountant Mississauga, Oakville, Toronto

Many companies today have a presence online or they are conducting business completely online. While that’s great for increasing sales and profits, it does pose many tax issues.

This article discusses current issues related to tax for online businesses in Canada.

Country of Tax for Online Business Canada – Accountant Mississauga Oakville Toronto

The first tax issue for online business in Canada is: “In which country does my online business have to pay tax?”

That depends on where your internet business is incorporated. For example, if your online business is incorporated in the United States, then it would have to pay tax in the United States. (Certain states in the United States, such as Delaware and Nevada, do not impose any state taxes whatsoever.)

However, the Canadian tax authorities want their fair share of tax. So, if you are living in Canada and are conducting your online (internet) business primarily from Canada, then the Canada Revenue Agency will impose tax on the profits from your online business even if it is incorporated outside Canada. The reason being is that the Canada Revenue Agency will argue that the mind and management of your online business is located in Canada and therefore should be subject to Canadian income tax. Therefore, you must be careful when selecting the jurisdiction of incorporation for your online business in Canada.

I recommend consulting with an Accountant in Mississauga before incorporating your online business in Canada.

Harmonized Sales Tax – Tax for Online Business Canada – Accountant Mississauga Oakville Toronto

The second major tax issue that online businesses in Canada need to address is the harmonized sales tax (HST). HST is applicable at a rate of 13% on product sales and services sold by online businesses to Canadians. Most provinces in Canada impose harmonized sales tax.

It’s very important for online business owners to track Canadian sales and non-Canadian sales. More specifically, your sales tracking system must be able to identify the country of residence of the customers that purchased your products and services, in order to ensure that HST is properly charged on Canadian sales.

If online business owners in Canada do not have such a tracking system, then the Canada Revenue Agency will impose HST on all sales made.

Harmonized sales tax on online businesses in Canada is an important tax matter that should be addressed with an Accountant in Mississauga, Oakville or Toronto.

Intellectual Property and Tax for Online Business Canada

The third major issue for tax on online businesses in Canada is intellectual property.

The most valuable asset for an online business in Canada is its intellectual property (IP), including a website or software. It’s an excellent idea to have your IP held by one corporation, and to have your other business assets held by a different corporation.

If you own more than one IP, you could consider creating a separate corporation for each IP owned. This will enable you to sell a particular IP without having to sell your entire business.

Furthermore, what’s great about the Canadian tax system is that capital gains of up to 0,000 on the sale of Canadian private company shares are not subject to income tax. So when you are selling the shares of a corporation that owns a particular IP, you will not have to pay income tax on the first 0,000 of profit on the sale.

You should consult with an accountant in Mississauga, Oakville or Toronto when developing the tax structure for your online business in Canada.

Scientific Research and Experimental Developmental Tax Credits – Tax for Online Business Canada – Accountant Mississauga Oakville Toronto

The fourth issue for tax for online businesses in Canada is Scientific Research and Experimental Developmental Tax Credits, also known as SR&ED.

For online businesses in Canada that are developing software or IP, the Canada Revenue Agency offers a government grant of up to 60% of the money spent on salaries, subcontractors, equipment and related expenses incurred.

To ensure that your SR&ED claim is processed correctly and quickly, you should engage the services of an Accountant in Mississauga, Oakville or Toronto that specializes in tax for online businesses.

CRA Targeting Online Businesses

The fifth major issue for tax for online businesses in Canada deals with the Canada Revenue Agency’s recent administrative position

It appears that the CRA is aggressively auditing online businesses, especially those conducting business on eBay, for unreported income.

Therefore, as an online business owner in Canada, it’s important to hire an accountant to ensure your tax returns are correct and up-to-date, and your books and records are properly organized.

Allan Madan is a Chartered Accountant and a Tax Expert in the Toronto, Mississauga and Oakville regions of Ontario, Canada.

Allan had many clients that are online business in Canada, and he helps them with their tax and accounting needs.

Get access to Allan’s free report, 20 Free Tax Secrets on How to Beat the Tax Man, by visiting http://www.siteproweb.com/20-free-tax-secrets-from-allan-madan

To learn more about Allan Madan, see http://madanca.com or watch this video at http://madanca.com/tax-for-online-business-canada-by-accountant-mississauga-oakville-toronto.

Also, call to speak with Allan Madan at 905-268-0150.


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Home Based Business in Canada | Best Home Based Online Business in Canada | Canada is a Good bet for Online Business

Home Based Business in Canada | Best Home Based Online Business in Canada | Canada is a Good bet for Online Business

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Remember, whilst searching in place of a mother country based organization Canada is a place someplace you can surely unearth single.

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The Price of Internet Marketing Products is Highly Exaggerated

As autumn and cold crawl their way into Canada and the sun sets before 4 p.m., this darkness and quietness bring along a time of reflection for all of us. The assessment I want to share with you is about internet marketing. Although my list of things to do seams never-ending, I am very happy to realize all I have accomplished in less than a year ( over 40 active web sites, a hypnosis for childbirth program that already got international recognition, over 100 published articles on the net, etc)

I have been in internet marketing for a little less than a year and I have attended ten internet marketing seminars in 2006. I am the kind of person who likes to get to the bottom of things. For more details go to: www.internet-marketing-word.com I want to share my findings with people who are starting, thinking of starting or even stalling in the internet marketing business.

The ten biggest pieces of wisdom I want to share with you about internet marketing I have learned are:

1) The price of Internet Marketing products is highly exaggerated. Many marketers are comfortable taking hundreds of dollars for useless e-books or software. They are able to overcharge such big money for two main reasons: their customers believe their well-written sales letter promising them to become a millionaire by working only two hours per day. The second reason is that since other people have raised the bar before them, they feel comfortable with overcharging for their products.
I encourage everyone who is about to purchase any internet marketing product to take a deep breath, backing up and do an internet search. Most probably, the product or its equivalent is already available for a fraction of the price on the internet.

My opinion is that no e-book is worth that much unless it provides me with the code of the safe at the bank for this internet marketer.

2) In the internet marketing business there are dreamers and there are doers. I have repeatedly met some people at internet marketing seminars who have not taken action and just keep buying the next product promising them a fast an effortless income. My experience is that it takes work (but then again I don’t see it as work as I enjoy it very much) at least in the beginning to secure a decent income in the internet marketing business.

3) Many internet marketers made their fortunes by selling products to people who want to make a fortune in the internet marketing business. Willie Crawford draws the parallel that the people who got the richest during the gold rush were the ones selling shovels and sticks to the gold diggers.

Anyone interested in internet marketing has to ask themselves if they have just been enriching the people selling them promises to make millions in the internet business.

4) There are basically three categories of internet marketers out there: the ones who just want your money, the ones who give you a good deal for your money and the ones that genuinely care about helping you making good money by sharing their efficient tactics.

I will, of course, not name any names here and I think that deep down people know what kind of marketers they are. I can tell you that upon trying to do a mental list of the genuine, caring ones, I had enough of my ten fingers to do the complete list.

5) The real successful internet marketers are often not on stage at seminars. I have met some very successful and knowledgeable people by talking to the person sitting next to me at seminars. I highly recommend you get to know the attendees at any given seminar; you will be surprised to sometimes find out that they know more than the speaker upfront and wiling to share everything with you…for free.

6) A masterminding group is a great resource to learn and share tricks and tips about internet marketing. The rule is to be part of a group that is about (or even better, a little above) your level of knowledge and accomplishments in internet marketing.

7) Action is power. Whatever piece of gold nugget you learn is useless if you do not take action on it. Many people are eternal course takers but have yet to get their first web site up. For can visit to: www.secretly-spy-your-internet-competition.com Even the best intended internet marketer will not make a penny if he doesn’t get his product out there. I have heard numerous times the advice to put out your product and fix the fine details later. It has been a little challenging for a perfectionist like me but, honestly, it works great. Often, customer comments allow me to go back and improve my product in ways that I would have never thought of.

8) Internet marketing is a number’s game. If you put all your eggs in one basket, you might rise very fast very high and then tumble down as fast. Diversity is the foundation for a solid business.

9) There will always be new things to learn. One cannot stay in their basement and hope that the world will not change. The internet marketing world is one that changes at the speed of light and one has to keep informed of the new trends and developments.

10) The Internet is here to stay. Internet has been growing at an astonishing rate and those who got in the game will be ahead of the pack in this exciting and powerful window to the world. The possibilities are infinite.

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DOGRAWONG
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Affordable Website Development and Design Solutions

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