Form RC1 Request for a Business Number and Certain Program Accounts - Canada

Form RC1 Request for a Business Number and Certain Program Accounts in Canada is used to apply for a Business Number (BN) and register for various program accounts such as GST/HST, payroll deductions, corporate income tax, import/export, etc.

The Form RC1, Request for a Business Number and Certain Program Accounts, in Canada is typically filed by individuals and businesses who need to register for various program accounts such as Goods and Services Tax/Harmonized Sales Tax (GST/HST), Payroll Deductions, and Import/Export accounts.

FAQ

Q: What is Form RC1?
A: Form RC1 is a request for a Business Number and Certain Program Accounts in Canada.

Q: What is a Business Number?
A: A Business Number (BN) is a unique nine-digit identifier that the Canada Revenue Agency (CRA) assigns to a business or organization.

Q: What are Program Accounts?
A: Program accounts are accounts related to specific programs administered by the CRA, such as Goods and Services Tax (GST) or payroll deductions.

Q: Who needs to fill out Form RC1?
A: Businesses or organizations that are required to register for a Business Number and Certain Program Accounts in Canada need to fill out Form RC1.

Q: What information is required on Form RC1?
A: Form RC1 requires information about the business or organization, such as legal name, business activities, contact information, and program accounts to be registered.

Q: Is there a fee for obtaining a Business Number and Certain Program Accounts?
A: No, there is no fee for obtaining a Business Number and Certain Program Accounts in Canada.

Q: What happens after submitting Form RC1?
A: After submitting Form RC1, the CRA will review the application and assign a Business Number and Program Accounts, if eligible.

Q: Are there any additional reporting requirements after obtaining a Business Number and Program Accounts?
A: Yes, businesses or organizations with a Business Number and Program Accounts may have reporting requirements for specific programs, such as filing GST returns or payroll deductions.