Meridian Business Account Review: An In-depth Look
Meridian Business Account review: Find out if this account is right for your business needs. Get a comprehensive look at features, benefits, and more.
Starting a business in Alberta is an exciting opportunity, whether you’re launching a tech startup in Calgary or opening a boutique in Edmonton. Alberta is known for its entrepreneurial spirit, low taxes, and minimal hoops to jump through, making it a favourable province to start a business. However, before diving into operations, you need to figure out how to register your business legally.
Knowing how to register a small business in Alberta gives you the legal framework to protect your business name. It also allows you to gain access to financing, hire employees, and build credibility with customers and partners.
In this guide, we’ll go over how to register a business in Alberta online or in person, including how much it costs, what kind of business structures you can choose from, and how to register a sole proprietorship in Alberta.
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Different business structures will suit different goals and business types, as it will influence your registration requirements, taxes, and liabilities.
Not all businesses require registration, but most do. Here are some important things to know in regards to registration.
Proper registration also allows you to open a business account, apply for licences and permits, and access financial services like Wise Business.
If you’re not using your legal name for your sole proprietorship, you’ll need to register a business name (also called a trade name). You have a few options when it comes to choosing your business name:
Once you choose your name, here’s what you need to do:
Note: Trade name registration does not grant exclusive rights. If you want name protection, consider incorporating.
Ready to launch your business in Alberta? Here’s a simplified overview of how to register a business in Alberta online:
Decide whether you’re registering as a sole proprietorship, partnership, or corporation. Choose a business name that complies with Alberta’s rules.
If you're incorporating, a NUANS (Newly Upgraded Automated Name Search) report is required. It lists similar business names and ensures your proposed name hasn’t already been taken.
Depending on your structure, you’ll need to prepare forms that include:
You can download these from the Alberta government website or pick them up at a registry office.
Unlike some provinces, Alberta doesn't allow direct business registration through a central government portal. Instead, you’ll need to visit an authorized Alberta Registry Agent in person or use a third-party registry provider that offers online services.
Some registry agents offer online registration through their own platforms. Be sure the provider is accredited.
Fees vary based on your business structure and providers. More on that below.
Once approved, you’ll receive a business registration certificate. Keep this document safe, as it’s often required when opening a business account or applying for permits.
Depending on your business type and location, you may need:
Use the BizPal tool to check which permits apply to your business.
So, how much does it cost to register a business in Alberta? The answer isn’t as straightforward as it is in Ontario, for example. That’s because Alberta doesn’t have a government hub to do so. The province relies on private registry agents to handle business registrations, who submit documents on your behalf through the official corporate registry.
Many business registration companies will offer tiered packages or different prices for different business types, coming in at a flat fee. They will likely also charge a government fee and service fee. For example, if you choose to register a Corporation with Register Alberta Business, they charge a total of $699³ to register a named or numbered corporation including preparation of all the necessary documents and set up of your GST account, payroll account, business number, corporate income tax account.
While the process is less straightforward and more out of your control, it means having the peace of mind knowing a professional is handling it all for you.
If you’re wondering how to register a small business in Alberta or how to register a sole proprietorship business in Alberta, the process is straightforward:
Your trade name will be linked to your personal name, and you’ll be personally liable for the business’s obligations. This is a common choice for freelancers, consultants, and other solo entrepreneurs.
Keep in mind that even small businesses may need:
After registering, your responsibilities don’t end. Keep your business compliant with these key tasks:
Once your business is officially registered, here are your next steps:
Open a Business Account - Set up a business account (like Wise Business) to receive payments, pay vendors, and separate personal from business finances.
Set Up Bookkeeping - Use accounting software like QuickBooks or Wave Accounting to manage cash flow, record expenses, and prepare for tax season.
Register for GST/HST (If Required) - You must register for a GST/HST number with the CRA if your business earns over $30,000 annually. You can do this online via the CRA’s Business Registration portal.
Get Insurance (If Needed) - Depending on your industry, you might need general liability, commercial auto, or professional liability insurance.
Wise Business can help you save big time on international payments. Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in currencies.
Some key features of Wise Business include:
Registering a business in Alberta doesn’t have to be a headache, especially when you take the time to learn about the ins and outs. From selecting a business structure to securing your CRA Business Number, every step plays a vital role in building a strong legal and financial foundation for your company.
And when it comes to managing your international finances, tools like Wise Business can help you send and receive global payments efficiently, transparently, and affordably.
Setting up right means your Alberta-based business will be ready to grow locally and globally.
Yes, you may not need to register a business name if you use only your full legal name and have no employees or additional partners.
Yes. You can register a business name and start operations later. Since trade name registrations don’t expire in Alberta or require renewal, there’s no need to rush.
Yes, non-residents can register a business. However, corporations must appoint at least one director who is a Canadian resident.
If you operate under your legal name, you will not need to register. However, if you use a business name or are required to provide proof of registration (e.g., to clients), you’ll need to register your trade name.
Yes, you can register through an online Alberta registry agent. However, incorporation may still require a Canadian resident director.
Trade names and general partnership registrations don’t need to be renewed, ever. Corporations must file annual returns, but also do not need to renew registration. LLP, however, need to renew their registration annually by December 31st.
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*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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