Quote Originally Posted by Fearlessbaby View Post
Hi, I'm trying to figure out whether or not to apply for a business number and register my daycare with the CRA. Has anyone out there done this? Is it absolutely necessary? My accountant told me to do this, but then again he also told me to pay HST- found out that is wrong! For me, less paperwork and dealing with the gov't the better!

I have done some research recently to register my daycare name with CRA. When you do that your business name still can be used by someone else. You actually have to patent your name so no one else can use it and that is kind of pricey (about $500 to start). So, no advantage for us there.

I have a business number, because I have an employee and I use it now to issue parents tax receipts too, but as momof4 said you can get a BIN instead and the advantage is that you don't have to provide your SIN to parents when issuing receipts.