Is a 10-digit business number valid in Ontario?

Is a 10-digit business number valid in Ontario?

LucyS2022
Visitor
1 0 0

 I am a registered business in Ontario and my business number is 10 digits long.

 

I was hoping on Monday and I keep getting a message that our business number is invalid because it is not 9 digits. 

 

Is my BIN number wrong?

 

Replies 2 (2)

anxietea-studio
Visitor
1 0 1

Hey Lucy,

Probably a bit late to this but if anyone else is having this issue this might help. 

 

The 10 digit number is the Business Identification Number (BIN); all businesses registered in ON will receive one once their name is registered. 

The 9 digit number Shopify is asking for is the Business Number (BN); this is the number you receive when you register with the CRA (Canada Revenue Agency) for tax purposes. 

 

Also for Canadian small businesses just starting out, if you're making under $30k over 4 consecutive calendar quarters (Less than $30k in revenue within 3 months) it counts as "small supplier". You do not have to register with the CRA, but can if you'd like to (again for tax purposes). However once you start making over $30k quarterly you'll have to register. 

 

This is the really simplified summary of it but I hope it helped those who were unsure. The CRA site has a lot of helpful info so if anyone is having trouble with taxes or starting a small business in general I'd recommend checking it out. 

LPShoppe
Visitor
1 0 0

I fall into the bracket where I don't currently have to charge taxes and won't have to for a while still. So I don't want to get the tax number, because once I do, I then have to start charging taxes.

 

So what I get from what your saying is the only way I can use Shopify's check out options (that I pay monthly to have access too)  is if I get this number? - Sigh!