When does a business officially start?

When does a business officially start? To determine when a business has officially started, it depends on who is defining it. The Canada Revenue Agency, lenders, and other institutions all may have different definitions on when a business has officially started. The most important definition, however, is the Canada Revenue Agency's because their definition explains when you must begin filing business taxes with revenue and expense reporting. CRA Business start definition - https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partnerships/what-a-business.html#:~:text=report%20income.-,You,-must%20start%20reporting Magnaltus Instagram: https://www.instagram.com/magnaltus/ #business #newbusiness #businessstart