It is relatively easy to start a small escort business in Ontario, and as Ontario is Canada's richest province with the highest average income, it can also be a very lucrative enterprise—especially if your business is designed to be easily run and managed by a small number of persons. When starting your escort business, you'll want to clearly define what your business does, who manages it and who receives profits. The simpler the layout, the easier it will be to register and file business reports and taxes yearly. To learn why it's vitally important to register your business, refer to our article Don't get busted for tax evasion: Why registering your escort business is the only option.
For more advice on choosing your business name, go to Service Ontario.
Step four: Register your business / business name
Sole proprietorship / partnership
In Ontario you are not required to register your sole proprietorship or partnership escort business if you conduct business under your own name. But if you take on a business name, you'll have to file a Registration Under the Business Names Act — Sole Proprietorship / Partnership Form. You can also search for and register your name at Search Ontario.
Corporation
To register your corporation in Ontario, you'll have to file your Articles of Incorporation and an Ontario-based NUANS (name search) form with the Government of Ontario – Ministry of Government Services. You can find information on forms and online registration at Canada Business»Government Services for Entrepreneurs. There is a minimum $300 fee to incorporate plus a sliding scale of other filing fees.
Because of the highly intricate legal nature of starting a corporation, it is highly recommended that you seek the advice of a business lawyer and accountant.
Step five: Register for / pay business taxes
- Ontario has combined the former Goods and Services Tax (GST) and the Provincial Sales Tax (PST) into the Harmonized Sales Tax (HST), which now stands at 13% of your business revenue.
- If you are a sole proprietorship or partnership, you'll have to report your self-employment income on your T-1 General return.
- Chances are you won't have to pay Employer Health Tax, as this tax is only associated if you pay more than $400,000 in payroll to regular employees. But It's a good idea to become familiar with this tax at the Ontario Ministry of Revenue.
You can register for an online Ontario ONe-source account and file these taxes at Service Ontario » ONe-source for Business.
Step six: Get necessary licenses and permits
Registering your business or business name and any articles of incorporation will get you a Master Business License (MBL). This proves that your company has been registered with the Ministry of Government Services and has been given a Business Identification Number.
More information on starting a business in Ontario
Find out how to register an escort business in each state of the USA and by province in Canada.
Please note: Dating.com is not a legal service, nor are we tax advisors or accountants. We do offer you what we consider our best advice, but if at all in doubt, please consult a professional.
